Rising wave of data breaches in 2023

May 8, 2024
1 min read

TLDR:

Data breaches increased throughout 2023, with U.S. data compromises surpassing 3,000 and impacting an estimated 353,027,892 victims. Publicly traded companies accounted for 40% of all data compromise victims, with healthcare, financial services, and transportation reporting more than double the number of compromises compared to 2022. Physical breaches are down 65% since 2018.

Article Summary:

With advancing technology, companies need to always be prepared for potential data breaches as threat actors work nonstop to gain access to sensitive data. A recent report by the Identity Theft Resource Center revealed that U.S. data compromises in 2023 reached 3,205, impacting over 350 million victims.

Public companies accounted for a significant portion of the data compromise victims, with more than 9% of them issuing data breach notices. Healthcare, financial services, and transportation industries reported a significant increase in compromises compared to the previous year.

Despite the increase in data compromises, physical breaches have decreased by 65% since 2018. This highlights the importance of implementing strong security measures to protect against cyber threats.

Overall, the data breach landscape in 2023 saw a significant increase, emphasizing the need for organizations to prioritize data protection and security to safeguard against potential threats.

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