IBM report finds ‘shadow’ data significant contributor to data breaches
As AI and cloud take on greater importance in the capital markets, firms need to consider their threat impact zones.
A new report released by IBM finds that as the average cost of data breaches has increased, a significant portion of that spike can be attributed to the risk of shadow data.
Shadow data is comprised of disparate data sources that reside across different environments that aren’t controlled by a single entity or environment. The report looked at data breaches that occurred across multiple industry sectors—including financial services—between March 2023 and February 2024. It found that the average
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