24 May 2024 Verizon Data Breach Investigation Report (DBIR) Findings
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Sausalito, Calif. – May 24, 2024
SDxCentral reports that the 2024 Verizon Data Breach Investigation Report (DBIR) paints a troubling picture of the current cybersecurity landscape, marked by the increasing exploitation of vulnerabilities as one of the main data breach gateways, the shift to extortion and the median loss associated with ransomware and extortion almost doubled.
The report found a “substantial growth” of attacks involving vulnerability exploitation as the critical path to initiate a breach, compared to previous years. “It almost tripled from last year, which will come as no surprise to anyone who has been following the effect of MOVEit and similar zero-day vulnerabilities,” researchers wrote.
This year’s DBIR also found that about one-third of all data breaches involved ransomware or other extortion techniques, with pure extortion increasing to 9 percent of all breaches.
Heather Engel, managing partner at Strategic Cyber Partners and a Cybercrime Magazine Podcast host, discusses the 2024 DBIR and breaks down some of the key findings.
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