Ina Fried reports:
Data breaches and ransomware attacks are getting worse. Some 2.6 billion personal records have been exposed in data breaches over the past two years and that number continues to grow, according to a new report commissioned by Apple.
Why it matters: Apple says the escalating intrusions, combined with increases in ransomware means the tech industry needs to move toward greater use of encryption.
By the numbers: According to the report, prepared by MIT professor emeritus Stuart E. Madnick:
- Data breaches in the US through the first nine months of the year are already 20% higher than for all of 2022.
- Nearly 70 percent more ransomware attacks were reported through September 2023, than in the first three quarters of 2022.
- Americans and those in the UK topped the list of those most targeted in ransomware attacks in 2023, followed by Canada and Australia. Those four countries accounted for nearly 70% of reported ransomware attacks.
- One in four people in the US had their health data exposed in a data breach during the first nine months of 2023.
Read more at Axios.