Leadership Keynote | The Rise of Cyber Crime
06 Mar 2024
Theater A
MIT Conference
Despite extensive efforts by companies, governments, and law enforcement agencies around the world, all forms of cyber crime, including data breaches and ransomware attacks, have been increasing every year. According to several reports, there was a 20% increase in data breaches from 2022 to 2023. In the middle east, ransomware gang activity increased by 77% in that same timeframe. Why has this happened? There are many reasons, but we will highlight three that were identified in our research, and what can be done about each: (1) new types of ransomware attacks, (2) cloud misconfiguration, and (3) exploitation of vendor systems.