Why do companies fail to stop breaches despite soaring IT security investment?

Let's first take a look back at 2020! Adding to the list of difficulties that surfaced last year, 2020 was also grim for personal data protection, as it has marked a new record number of leaked credentials and PI data. A whopping 20 billion records were stolen in a single year, increasing 66% from 12 billion in 2019. Incredibly, this is a 9x increase from the comparatively "small" amount of 2.3