Code42 Annual Data Exposure Report 2023

Keypoints

• Annual cybersecurity vendor reports, such as the 2023 Data Exposure Report, typically consist of sections covering key findings, methodology, threat landscape, effectiveness of current strategies, and recommendations for improvement.
• Main sections usually include an executive summary with top statistics and trends, detailed analysis of threat types and incident data, insights into technological and organizational challenges, and a conclusion with actionable steps.
• Key statistics reveal a 32% year-over-year increase in insider-driven data exposure events, with an average cost of $16 million per incident, highlighting the severe financial impact of insider threats.
• Notable trends include the rise of hybrid and remote work increasing data security risks, with organizations struggling to detect insider activities due to technological overload and gaps in visibility.
• Significant findings emphasize that insider risk remains one of the hardest threats to identify, with 75% of CISOs ranking it as most difficult, and over 70% expect insider data loss to grow in the next year.
• The reports consistently identify technology complexity, insufficient visibility, organizational prioritization, and lack of tailored training as major barriers to effective insider risk management.
• Recurring themes highlight the importance of fostering a transparent security culture, implementing just-in-time, personalized training strategies, and streamlining technological tools to enhance detection and response capabilities.
• Overall, these reports underscore an urgent need for organizations to improve technology integration, elevate insider risk as a strategic priority, and develop stronger people-focused initiatives to combat evolving insider threats effectively.