This episode of Techsplainers provides an in-depth exploration of data breaches, explaining what they are and their significant financial impact on organizations worldwide. The podcast clarifies how data breaches differ from other cyberattacks and breaks down the staggering costs—with global averages reaching USD 4.44 million and US breaches costing USD 10.22 million. The discussion examines the common causes of breaches, including innocent mistakes, malicious insiders, and external hackers, with financial gain being the primary motivation. Listeners will learn about the breach attack vectors like stolen credentials, social engineering, ransomware, and system vulnerabilities, as well as the comprehensive notification requirements organizations face across different jurisdictions. The episode concludes with effective prevention strategies, highlighting how AI and automation can reduce breach costs by 34% and expedite resolution by 80 days, alongside practical security measures like incident response planning, employee training, and identity management practices.

Find more information at https://www.ibm.com/think/podcasts/techsplainers

Narrated by Bryan Clark