Verizon releases 2024 Data Breach Investigations Report

02/05/2024 | Verizon

The latest Verizon annual Data Breach Investigations Report, now in its 17th year, analysed nearly 30,500 incidents and 10,626 confirmed data breaches across 94 countries. The key findings of this year's report reveal that 14% of breaches involved the exploitation of vulnerabilities as an initial access step, while 62% of financially motivated incidents involved ransomware or extortion. A further 68% of breaches involved a non-malicious human element, and 15% of breaches involved a third party or supplier.

In related news, CNBC reports that in its testimony to the US Senate Committee on Finance, health insurance company UnitedHealth Group (UHG) confirmed that it paid hackers $22 million in ransomware payments. UHG's CEO, Andrew Witty, revealed that the hackers gained access to the system due to a lack of multifactor authentication tools.

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Cyberattack, risk management, data breach

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