IBM Security ’ s Cost of a Data Breach Report for 2023 confirms that the average cost of a data breach to UK organisations is £ 3.4m ( US $ 5.1m ).

AI and automation have the biggest impact on UK businesses ’ speed of breach identification and containment , with organisations already deploying these tools paying an average of £ 1.6m ( US $ 2m ) less than those who did not leverage the technology .

The report suggests that using security AI and automation brings the average time to identify a breach from 220 to 148 days . Martin Borrett , Technical Director of IBM Security UK & Ireland , said : “ Security AI and automation may be the driving force needed to help defenders bridge the speed gap with attackers .”