Data security will remain one of the biggest concerns for businesses this year. According to IBM, the average data breach in 2023 cost 4.45 million - and 82% of that involved data stored in the cloud. Damages from cybercrime, including the cost of data recovery, could total $10.5 trillion annually by 2025, causing more business owners to review their data security protocols. Which specific changes should you implement in the next 12 months?
Like peanut butter and jelly, ETL and data modeling are a winning combo. Data modeling can't exist without ETL, and ETL can't exist with data modeling. Not if you want to model data properly. Combining the two defines the rules for data transformations and preps data for big data analytics. In the age of big data, businesses can learn more than ever about their customers, identify new product opportunities, and so on.
2023 was a rough year for data security. A quick look at the biggest hacks of this year reveals some very disturbing information and trends. There were many specific hacks and data breaches that malicious actors were able to accomplish. Cybercrime skyrocketed in 2023. The rise in cybercrime was fueled largely by the continued COVID-19 pandemic and the work-from-home measures taken by countless businesses. According to one report, cybercrime increased 600%.