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Tracking Data Breaches: Targeting of Vulnerabilities Surges

May 2, 2024
BankInfoSecurity
Contributed by: Drex DeFord
Summary
The 2024 Verizon Data Breach Investigations Report highlights an alarming increase in data breaches, with a significant surge in hackers exploiting both zero-day and known software vulnerabilities for initial network access, a trend underscored by the targeted MOVEit campaign. The report, analyzing 30,458 security incidents globally, notes that stolen credentials remain a dominant method in web application attacks, while ransomware accounts for a third of breaches, and human errors contribute to 28% of incidents. Moreover, the rise in pretexting suggests cybercriminals are refining their techniques to circumvent traditional phishing defenses. The report also stresses the challenges organizations face in timely applying security patches, a gap exploited by attackers, and the evolving role of AI in crafting phishing lures.
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