The number of cybersecurity breaches disclosed by public companies in 2021 increased 44 percent while reports of ransomware attacks also surged, according to the latest annual study.

Audit Analytics’ “Trends in Cybersecurity Breach Disclosures” report identified 188 breaches disclosed in 2021, the highest number in a single year since at least 2011. Between 2020 and 2021, cybersecurity breaches from unauthorized access were up 118 percent, and ransomware attacks were up 44 percent.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....