A new report by the Massachusetts Institute of Technology (MIT) highlights additional cybersecurity risks. Despite the efforts of organisations to maintain rigorous security measures, cybercriminals are finding new ways to exploit personal and business data. The report indicates that data breaches increased by almost 20% in the first nine months of 2023 compared to the entire year of 2022, and ransomware attacks surged by almost 70% within the same time frame. The report indicates that the key factors contributing to the increased threat to personal data are the growing number of cloud misconfigurations, along with more sophisticated ransomware and vendor exploitation attacks.
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