Data breaches are on the rise. In the US, last year broke new records in terms of breach volumes. The bad news is that costs are also increasing. The latest IBM study reveals that they surged 10% annually to reach nearly $4.9m on average in 2024. Although there are several mooted causes of this rise, one of the most critical appears to be the growing challenge of shadow data.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Erfan Shadabi. Read the original post at: https://insights.comforte.com/as-breach-costs-surge-companies-need-a-better-way-to-find-shadow-data