Forbes July 25, 2024
Steven Smith, Head of Protocol at Tools For Humanity.
Every day seems to bring another data security breach. Despite organizations spending more money than ever on cybersecurity, breaches are still increasing year after year. According to research from MIT professor Stuart Madnick, data breaches increased 20% from 2022 to 2023 while the number of victims of such breaches worldwide doubled over the same period.
Even the world’s largest companies are struggling to fend off increasingly sophisticated hackers. In just the first half of 2024, AT&T, Microsoft and UnitedHealth experienced cyber attacks exposing customer data. These breaches affect us as internet users and consumers, whether it’s the potential for financial loss, identity theft, damaged credit scores or a myriad of other...
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