Spotlight on Verizon’s 2024 Data Breach Investigations Report

We’re excited to announce the release of the 2024 Data Breach Investigations Report (DBIR) from our partners at Verizon. This annual report is a cornerstone for understanding the current cybersecurity landscape, providing detailed insights into data breach trends and threats.

Key Highlights:

  • Rise in Vulnerability Exploits: Breaches involving exploited vulnerabilities have nearly tripled from last year, indicating a growing area of concern.
  • Human Element: A significant 68% of breaches involved human factors, such as social engineering attacks and errors.
  • Ransomware Dominance: Financially motivated breaches continue to be led by ransomware and extortion, with median losses reaching $46,000 per incident.
  • Third-Party Risks: About 15% of breaches involved third-party or supply chain issues, emphasizing the need for robust vendor management.

Industry-Specific Insights:

  • Healthcare: Continues to be a prime target due to valuable personal health information.
  • Financial Services: Faces sophisticated attacks aimed at financial gain and data theft.
  • Retail: Encounters a mix of physical and cyber breaches, often targeting payment systems.

The DBIR underscores the importance of a proactive and comprehensive approach to cybersecurity. By understanding these trends, organizations can better prepare and protect their data against evolving threats.

We encourage you to dive into the full report to gain a deeper understanding of these insights and enhance your cybersecurity strategies.

Read the full 2024 DBIR here.

Stay safe and secure, AAA Sales Team