Why do you need Insider Risk Analytics ? 

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According to the latest IBM 2023 Report Cost of a Data Breach is USD 4.45M. 

• The average cost of a data breach reached an all-time high in 2023
  of USD 4.45 million. This represents a 2.3% increase from the 2022 cost of USD 4.35 million. Taking a long-term view, the average cost has increased 15.3% from USD 3.86 million in the 2020 report.

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51% percent or organizations are planning to increase information security investments

• While data breach costs continued to rise, report participants were almost equally split on whether they plan to increase security investments because of a data breach. The top areas identified for additional investments included incident response (IR) planning and testing, employee training, and threat detection and response technologies. 

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The benefit of security AI and automation on the financial impact of a breach - USD 1.76M

• Security AI and automation were shown to be important investments for reducing costs and minimizing time to identify and contain breaches. Organizations that used these capabilities extensively within their approach experienced, on average, a 108-day shorter time to identify and contain the breach. They also reported USD 1.76 million lower data breach costs compared to organizations that didn’t use security AI and automation capabilities.