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AI-based cyber attacks jump 44 percent in a year; 77 percent of firms lack basic security systems

AI-based cyber attacks are surging, prompting calls for companies to fundamentally change how leaders respond, Harvard Business Review reported, citing IBM research. Attacks targeting externally accessible software and system applications rose 44 percent in a year, with many linked to AI-based vulnerability exploitation. The average cost of an AI-driven data breach is $4.88 million. An Accenture survey found 77 percent of companies lack basic data and AI security systems needed to protect core technology infrastructure.