Breaking News
Get 40% Off 0
🔎 See NVDA's full ProTips for an instant risks or rewards Claim 40% OFF

Apple-backed study finds rise in data breaches as iPhone maker defends encryption stance

Published Dec 08, 2023 03:11 Updated Dec 08, 2023 09:25
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman/File Photo
 
AAPL
+0.42%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MSFT
-0.15%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Stephen Nellis

(Reuters) - In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according to a new study that was commissioned by Apple (NASDAQ:AAPL).

The iPhone maker paid for the study, which was conducted by Massachusetts Institute of Technology Professor Stuart E. Madnick, about a year after it rolled out a new feature to expand end-to-end encryption for data stored in its iCloud service. The study, which does not include any findings of data breaches at Apple itself, argues that breaches are becoming so commonplace that the only feasible way to protect consumer data is wider use of end-to-end encryption.

Such encryption makes it impossible for the company that stores the data - or anyone who might hack its servers - to unscramble a user's data without also possessing additional information, such as the passcode for one of the user's personal devices. But that encryption approach also makes it impossible for law enforcement officials to access the data without the user's knowledge and has long been a friction point between technologists and government officials.

Britain is considering a law that would mandate access to private messages and has encouraged companies such as Meta Platforms not to expand their use of end-to-end encryption.

The Apple-backed study, however, found that technology companies are frequently attacked by hackers because they provide services to valuable targets. Microsoft (NASDAQ:MSFT), for example, was hit by Chinese hackers this year, who managed to steal tens of thousands of U.S. State Department emails.

The study said that 98% of organizations have a relationship with at least one technology vendor that experienced a data breach in the previous two years.

"In today’s interconnected world, virtually every organization relies on a wide range of vendors and software. As a result, hackers only need to exploit vulnerabilities in third-party software or a vendor’s system to gain access to the data stored by every organization that relies on that vendor," the study said.

Apple-backed study finds rise in data breaches as iPhone maker defends encryption stance
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email