Mass layoffs and data breaches could be connected

Researchers from Binghamton University have suggested a theory that mass layoffs can heighten company vulnerability to data breaches, as disgruntled employees might engage in risky behavior. The study recommends that companies emphasizing ethical conduct and data security during layoffs could lower risks. The team also noted that outsourcing IT and cybersecurity tasks and negative publicity around layoffs could also increase vulnerability. An IBM report reveals that the global average cost of a data breach in 2023 was $4.5 million.