Guest blog courtesy of CYRISMA.
As we approach the end of the year, we’ve begun to analyse some of the more prominent cybersecurity reports that came out in 2024 to identify threat trends.
In this blog post, we collate key findings from:
The Threat Landscape in 2024
Here are our top observations about data breaches, vulnerability exploitation trends, ransomware, DDoS attacks, AI-use by both criminals and defenders, and more.
Data Breach Costs Continue to Rise
- The global average cost of a data breach increased by 10% from 2023 to 2024, reaching USD 4.88 million driven by increased business disruption and post-breach expenses.
- The United States, as before, had the highest average data breach cost at USD 9.36 million
- Organizations are passing on these costs to customers, potentially impacting their competitiveness in inflationary markets.
Vulnerability Exploitation Common Root Cause of Attacks
- 19,754 vulnerabilities were identified from July 2023 to June 2024, with 9.3% categorized as critical and 21.8% as high.
- The use of vulnerabilities as a critical path to initiate a breach has seen a substantial increase, almost tripling from last year. This trend is largely attributed to the…
