For many years, organizations have struggled to protect themselves from cyberattacks: companies, universities, and government agencies have expended enormous amounts of resources to secure themselves. But in spite of those efforts, data breaches — in which hackers steal personal data — continue to increase year-on-year: there was a 20% increase in data breaches from 2022 to 2023. Some of the trends around this uptick are disturbing. For example, globally, there were twice the number of victims in 2023 compared to 2022, and in the Middle East, ransomware gang activity increased by 77% in that same timeframe.
Why Data Breaches Spiked in 2023
And what companies can do to better secure users’ personal information.
February 19, 2024
Illustration by Aaron Marin
Summary.
In spite of recent efforts to beef up cybersecurity, data breaches — in which hackers steal personal data — continue to increase year-on-year: there was a 20% increase in data breaches from 2022 to 2023. There are three primary reasons behind this increased theft of personal data: (1) cloud misconfiguration, (2) new types of ransomware attacks, and (3) increased exploitation of vendor systems. Fortunately, there are ways to reduce the impact of each of these factors.