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Rethinking Your Approach to the Employee Experience

article review related to human resource management

Companies should focus on not just what they give employees but also how their offerings make employees feel.

Human resources leaders commonly assume that for a company to stand out as a great place to work, it must deliver competitive perks—everything from skills training to pet insurance to foosball. New research finds that this view is outdated: Engagement and retention don’t correlate with benefits awards. Employees have begun looking beyond material offerings and assessing how they feel about the company they work for—and that requires a different approach.

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article review related to human resource management

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Full Transparency

2024 Data Breach Investigations Report: Vulnerability exploitation boom threatens cybersecurity

Breaking down the 2024 Verizon Data Breach Investigations Report

What you need to know:

Vulnerability exploitation surged by nearly 3X (180%) last year.

Ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches.

More than two-thirds (68%) of breaches involve a non-malicious human element.

30,458 security incidents and 10,626 confirmed breaches were analyzed in 2023—a two-fold increase over 2022.

Verizon security by the numbers: 4,200+ networks managed globally, 34 trillion raw logs processed/year, and 9 security operation centers around the globe.

BASKING RIDGE, NJ – Verizon Business today released the findings of its 17th-annual Data Breach Investigations Report (DBIR), which analyzed a record-high 30,458 security incidents and 10,626 confirmed breaches in 2023—a two-fold increase over 2022.

The exploitation of vulnerabilities as an initial point of entry almost tripled from the previous year, accounting for 14% of all breaches. This spike was driven primarily by the increasing frequency of attacks targeting vulnerabilities on unpatched systems and devices (zero-day vulnerabilities) by ransomware actors. The MOVEit software breach was one of the largest drivers of these cyberattacks, first in the education sector and later spreading to finance and insurance industries.

“The exploitation of zero-day vulnerabilities by ransomware actors remains a persistent threat to safeguarding enterprises,” said Chris Novak, Sr. Director of Cybersecurity Consulting, Verizon Business.

In a possible relief to some anxieties, the rise of artificial intelligence (AI) was less of a culprit vs challenges in large-scale vulnerability management. “While the adoption of artificial intelligence to gain access to valuable corporate assets is a concern on the horizon, a failure to patch basic vulnerabilities has threat actors not needing to advance their approach,” Novak said.

Analysis of the Cybersecurity Infrastructure and Security Agency (CISA) Known Exploited Vulnerabilities (KEV) catalog revealed that on average it takes organizations 55 days to remediate 50% of critical vulnerabilities following the availability of patches. Meanwhile, the median time for detecting the mass exploitations of the CISA KEV on the internet is five days.

“This year’s DBIR findings reflect the evolving landscape that today’s CISO’s must navigate-- balancing the need to address vulnerabilities quicker than ever before while investing in the continued employee education as it relates to ransomware and cybersecurity hygiene,” said Craig Robinson, Research Vice President, Security Services at IDC. “The breadth and depth of the incidents examined in this report provides a window into how breaches are occurring, and despite the low-level of complexity are still proving to be incredibly costly for enterprises.”

Last year, 15% of breaches involved a third party, including data custodians, third-party software vulnerabilities, and other direct or indirect supply chain issues. This metric—new for the 2024 DBIR— shows a 68% increase from the previous period described in the 2023 DBIR.

The human element continues to be the front door for cybercriminals

Most breaches (68%), whether they include a third party or not, involve a non-malicious human element, which refers to a person making an error or falling prey to a social engineering attack. This percentage is about the same as last year. One potential countervailing force is the improvement of reporting practices: 20% of users identified and reported phishing in simulation engagements, and 11% of users who clicked the email also reported it.

“The persistence of the human element in breaches shows that there is still plenty of room for improvement with regard to cybersecurity training, but the increase in self-reporting indicates a culture change that destigmatizes human error and may serve to shine a light on the importance of cybersecurity awareness among the general workforce,” Novak added.

Other key findings from this year’s report include:

32% of all breaches involved some type of extortion technique, including ransomware

Over the past two years, roughly a quarter (between 24% and 25%) of financially motivated incidents involved pretexting

Over the past 10 years, the Use of stolen credentials has appeared in almost one-third (31%) of all breaches

Half of the reaches in EMEA are internal

Espionage attacks continue to dominate in APAC region

View the 2024 Data Breach Investigation Report ( DBIR ):

For more information on ways to help defend against zero-day vulnerabilities and other cyber threats, visit here .

Related Articles

The Verizon Business 2024 DBIR revealed that almost half of the breaches (49%) in EMEA are initiated internally, suggesting high incidences of privilege misuse and other human errors.

The Verizon Business 2024 Data Breach Investigation Report (DBIR) found that 25% of attacks in APAC are motivated by espionage - significantly greater than in Europe and North America.

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IMAGES

  1. (PDF) Human Resource Management Journal: A look to the past, present

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  1. A Systematic Review of Human Resource Management Systems and Their

    Strategic human resource management (SHRM) research increasingly focuses on the performance effects of human resource (HR) systems rather than individual HR practices (Combs, Liu, Hall, & Ketchen, 2006).Researchers tend to agree that the focus should be on systems because employees are simultaneously exposed to an interrelated set of HR practices rather than single practices one at a time, and ...

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    In this fourth annual review issue published by The International Journal of Human Resource Management (IJHRM), we are delighted to present five articles that cover some of the important areas in people management in contemporary work settings. Our review articles cover topics that are less well-researched, compared with some popular themes, as ...

  5. Full article: The employee perspective on HR practices: A systematic

    1. Employee Perceptions of HRM as an Antecedent, Mediator, or Outcome. Nishii and Wright (Citation 2008) developed the SHRM process framework to unravel the link between HRM and performance to shed light on the processes through which HR practices impact organizational performance (Jiang et al., Citation 2013).The starting point of the SHRM process model is the concept of variation.

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    Introduction. Human resource management (HRM) is gaining popularity in public management research. In the period 1999-2002, 5 per cent of the publications in Public Management Review (PMR) were explicitly focused on HRM. In 2015-2016, this has increased to 14 per cent according to Osborne (Citation 2017) who performed an analysis on paper topics across 1999-2002 and 2015-2016 in PMR.

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    Volatile labor markets and swiftly changing global business perspectives are continuously evolving the role of human resource (HR) managers (Vyas 2022).Work patterns are markedly transforming with health, wellbeing, a 'people-first' focus and sustainability as few of the high-priority management areas (Kane 2022).Furthermore, for sustainable progress in society, the sustainability ...

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    Mar 2022. Fang Cooke. Human resource management (HRM) is underpinned by, and contributes to, the business ethics of the organization. Opportunities available to men and women as managers, and the ...

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    Resource&Management&Review,& 5L>!7*!755A5M,! Introduction. In their paper Meyers, van Woerkom, and Dries pose an important question around the. meaning of the term 'talent' with a particular ...

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    Management experts applaud leaders who are, among other things, determined, humble, and frugal, but rarely consider whether they are generous. However, executives who share their time, talent, and ideas often give rise to legendary organizations. Does generosity merit further consideration? asks James Heskett. Open for comment; 0 Comments.

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    A version of this article appeared in the March-April 2022 issue of Harvard Business Review. Read more on Human resource management or related topic Employee retention. Post. Post. Share ...

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    Announcement. Special issue of International Journal of Human Resource Management. A contextualized approach to Talent Management: Advancing the field. Eva Gallardo-Gallardo, Marian Thunnissen & Hugh Scullion. Published online: 13 Feb 2017. 7641 Views. 12 CrossRef citations. 0 Altmetric. Browse the latest articles and research from The ...

  24. 2024 Data Breach Investigations Report: Vulnerability ...

    More than two-thirds (68%) of breaches involve a non-malicious human element. 30,458 security incidents and 10,626 confirmed breaches were analyzed in 2023—a two-fold increase over 2022. Verizon security by the numbers: 4,200+ networks managed globally, 34 trillion raw logs processed/year, and 9 security operation centers around the globe.