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Key insights from the Verizon 2024 Data Breach Investigations Report

Key insights from the Verizon 2024 Data Breach Investigations Report

The Verizon 2024 Data Breach Investigations Report highlights the growing complexity of cyber threats, with over 10,000 breaches recorded across 94 countries. Phishing remains a major risk, with users falling for attacks in under 60 seconds. Stolen credentials were involved in 31% of breaches, while 32% featured extortion tactics like ransomware, with median losses of $46,000. Third-party vulnerabilities contributed to 15% of breaches, and human error played a role in 68%. Exploitation of vulnerabilities surged by 180%, emphasizing the need for faster patching, as it takes organizations an average of 55 days to remediate critical threats.

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