Why Data Breaches Spiked in 2023

Despite efforts to beef up cybersecurity, data breaches, 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.

Harvard Business Review delves into these primary reasons.