Average cost of data breaches is up 12% this year
Increasing weaponization of artificial intelligence by cybercriminals accounts for much of the increase.
Increasing weaponization of artificial intelligence by cybercriminals accounts for much of the increase.
BELLINGS Intelligence Score: 15
Why it matters
The 12% rise in average data breach costs reflects an important trend in cybersecurity risk, especially with AI-driven threats, but it is primarily a sector-specific cost development without immediate broad impact on credit markets or lending conditions.
Sources
CFO.com
Average cost of data breaches is up 12% this year
Increasing weaponization of artificial intelligence by cybercriminals accounts for much of the increase.