JOURNAL ARTICLE

Why Data Breaches Spiked in 2023 And what companies can do to better secure users’ personal information.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Madnick, Stuart 3 of 3

Abstract

Data breaches have been on the rise, with a 20% increase in 2023 compared to the previous year. This increase is concerning, as there were twice as many victims globally in 2023 compared to 2022, and ransomware gang activity in the Middle East increased by 77%. The primary reasons behind this increase in data theft are cloud misconfiguration, new types of ransomware attacks, and the exploitation of vendor systems. To address these issues, companies should ensure proper cloud configuration, be vigilant against ransomware attacks, and assess the cybersecurity effectiveness of their vendors. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/02, p1
  • Document Type:Article
  • Subject Area:Computer Science
  • Publication Date:2024
  • Accession Number:175709401
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