Recent studies show that reports of data security breach incidents have skyrocketed from 774 in 2007 to 1,474 in 2015. High-profile examples of such breaches include T.J. Maxx’s breach of 45.6 million customer credit cards in 2007, Sony’s loss of 70 million records in 2011 and Yahoo’s breathtaking breach of one billion user accounts in 2016.
“There are so many vulnerabilities in data security, there is a good chance you’ll be breached,” saya Jing Wang, associate professor of decision sciences.
“We discovered that smaller firms felt they were too busy to focus on cybersecurity. The problem is, hackers don’t distinguish between large and small firms,” says Gwebu.
With such breaches increasingly commonplace, Wang and fellow Paul College researcher Khole Gwebu pooled their considerable talents and have launched a new research stream focused on the best ways for large companies to protect their reputations and economic assets following a breach.