2023 Cost of a Data Breach: Key Takeaways It’s that time of year - IBM has released its “Cost of a Data Breach Report.” This year’s report is jam-packed with some new research and findings that highlight how organizations are implementing security and risk mitigation techniques to help identify and contain data breaches.

Forever 21 is a large fashion company that spans across many different countries. Forever 21 has over 540 retail outlets worldwide and approximately 43,000 employees. The organization gathers and uses information from millions of customers, and some of them were exposed in a recent data breach.

Topgolf Callaway is a powerful golf company that offers modern golfing entertainment, as well as selling golf equipment in most areas of the world. The organization maintains online and in-person stores in many different countries and sells to millions of customers annually. With so much customer data exchanging hands through this company and its many retailers, everyone involved is at risk because of a recent security vulnerability.

Mom's Meals is a food service company that helps provide meals to people who are in need of help. This meal service organization works to deliver food to the homes of individuals who need help with food. These individuals could be at risk for identity theft and other serious problems in the future. Learn about the specifics of this breach below and understand the full risk for data loss because of the attack.

Data breaches are becoming more and more of a problem worldwide, and this week, it's especially obvious that they're causing trouble for serious companies. Major medical organizations, schools, and financial companies were all hit by breaches this week. Mom's Meals, Blue Cross Blue Shield of Illinois, and Prospect Medical Holdings are all medical companies impacted by breaches this week. TMX Finance and the University of Minnesota are the other targets we cover in the recap below.

The cloud has become the new battleground for adversary activity: CrowdStrike observed a 95% increase in cloud exploitation from 2021 to 2022 and a 288% jump in cases involving threat actors directly targeting the cloud. Defending your cloud environment requires understanding how threat actors operate: how they’re breaking in and moving laterally, which resources they target and how they evade detection.

Prospect Medical Holdings is an umbrella company with over 16 separate hospitals throughout Pennsylvania, California, Rhode Island, and Connecticut. The company manages a huge amount of information between all those different hospitals, and all that data could easily be misused if the wrong individuals accessed it. Prospect Medical Holdings was recently the victim of a data breach, though the company itself did not announce that information to the world.

Blue Bross and Blue Shield of Illinois is the largest insurance company in Illinois, serving over 8.9 million individuals. The company handles a huge amount of medical information and is responsible for ensuring that millions of people have the medical and dental insurance they need. The company recently discovered it was indirectly the victim of a data breach and that some of its customers were at risk. Learn more about the breach below.

The University of Minnesota is a large research school based in Saint Paul and Minneapolis. The school works with more than 50,000 students annually and protects data from them over time. The major Minneapolis-based university was recently the victim of a data breach, and millions of past and present students could be impacted by it. Get all the details about this horrendous attack below.

TMX Finance and related companies are all involved in crisis loans and emergency lending programs. The companies handle financial data for a huge number of individuals throughout the United States, and the different individuals involved with the company could be at risk for this reason. We recently learned that TMX Finance suffered from a data breach that exposed data for nearly 5 million people. News of the breach was just released, but victims may have been exposed for months now.