Rising Business Cyberattack Risks: New Report Reveals Over 80% of Companies Suffer From More Than 1 Data Breach

Experts claim over 80% of businesses suffer from multiple data breaches.

Rising Business Cyberattack Risks: New Report Reveals Over 80% of Companies Suffer From More Than 1 Data Breach
Participant hold their laptops in front of an illuminated wall at the annual Chaos Computer Club (CCC) computer hackers' congress, called 29C3, on December 28, 2012 in Hamburg, Germany. The 29th Chaos Communication Congress (29C3) attracts hundreds of participants worldwide. Patrick Lux/Getty Images

New reports claim that cyberattacks against businesses are drastically increasing. Researchers warn that over 80% of organizations already experienced more than one data breach in 2022.

Meanwhile, other data claim that ransomware attacks spiked by more than 10%. This is alarming since these details show that more and more companies are falling victim to cybercriminals.

New Reports Claim Businesses Now More Vulnerable to Cyberattacks

According to Harvard Business Review, a new IBM Data Breach Report warned that organizations experienced more than one cyberattack in 2022; 83% fell victim to ransomware gangs.

Aside from this research, the 2022 Verizon Data Breach Investigations Report also revealed that the overall cyberattack breaches in 2022 increased by up to 13%.

Involved cybersecurity experts said that this percentage is equal to all the company breaches that happened over the last five years combined.

Latest Cyberattacks Against Companies

Rising Business Cyberattack Risks: New Report Reveals Over 80% of Companies Suffer From More Than 1 Data Breach
A person claiming to speak for activist hacker group Anonymous is seen issuing a warning throught a video circulated online to "go to war" with the Singapore government over recent Internet licensing rules on November 1, 2013. Activist group Anonymous hacked a Singapore newspaper website. ROSLAN RAHMAN/AFP via Getty Images

Among the latest cybersecurity breaches that happened are the following two:

OpenAI ChatGPT: payment-related details and other sensitive information were leaked because of an exploited bug in an open-source library.

Samsung: Reports claim that three Samsung employees leaked the company's sensitive database after using ChatGPT.

Aside from the Samsung and OpenAI cybersecurity attacks, organizations in other parts of the world also fell victim to ransomware groups.

These include the massive cyberattack against PSA (Philippine Statistics Authority) and PhilHealth (Philippine Health Insurance Corp.).

On Oct. 11, Rappler reported that PSA announced a major breach after some online posts showed blurred PSA ID photos and other personal details.

PSA informed the National Privacy Commission regarding the breach. As part of its safety efforts, the statistics organization said that it isolated and closed the system that has been affected.

The organization claims that the breach didn't affect other critical systems, such as those that process civil registry and National IDs.

In the case of PhilHealth, the corporation said that a Medusa ransomware attack successfully breached its system. Since this is ransomware, it is more serious compared to what PSA experienced.

After the ransomware was confirmed, PhilHealth urged its clients to use the PhilHealth Member Portal when accessing their memberships and contribution records.

PhilHealth Chief Emmanuel R. Ledesma, Jr. provided some tips to their members to avoid getting their data leaked.

"It is best to ignore suspicious calls and to delete text or emails from unknown and suspicious senders to avoid being victimized by scammers," he said.

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