Scribd
Upload
215 views1 page

2024 Data Breach Insights for SMBs

The Verizon 2024 Data Breach Investigations Report highlights the increasing threats faced by small and midsize businesses, with over 10,000 breaches reported globally. Key findings include that 68% of breaches involved human error, a 180% rise in vulnerability exploitation, and a median loss of $46,000 from ransomware incidents. The report emphasizes the need for businesses to understand these threats and improve their cybersecurity measures.

Uploaded by

regis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
215 views1 page

2024 Data Breach Insights for SMBs

The Verizon 2024 Data Breach Investigations Report highlights the increasing threats faced by small and midsize businesses, with over 10,000 breaches reported globally. Key findings include that 68% of breaches involved human error, a 180% rise in vulnerability exploitation, and a median loss of $46,000 from ransomware incidents. The report emphasizes the need for businesses to understand these threats and improve their cybersecurity measures.

Uploaded by

regis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Know the threats.

Help safeguard
your business.
Key insights for
small and midsize
businesses from the
2024 Data Breach
Investigations Report

Small and midsize businesses are often under threat,


facing relentless attacks from sophisticated and creative
cybercriminals. The Verizon 2024 Data Breach Investigations
Report explores a record-high number of breaches—more than
10,000—with victims spanning 94 countries. We’ll show you
where the threats are coming from, help you understand new
attack patterns and trends, and provide critical information that
can help you protect your people, assets and reputation. Here’s
just some of what we learned across our full data set.

We’re only human.

68%
68% of all breaches involved a
non-malicious human element,
caused by a person who
either fell victim to a Social
0% 20% 40% 60% 80% 100% Engineering attack or made
some type of Error.

They’re finding our weak spots.

180%
We saw 180% growth in the
exploitation of vulnerabilities
as an initial access step for
a breach—almost triple that
of last year—fueled in part by 0% 100% 200%
the MOVEit vulnerability and
several other zero-day exploits
used by ransomware actors.

Falling for
scams is fast.

< 60 sec.

The median time for users to


fall for phishing emails is less
than 60 seconds.

Response is slow.

55
It can take around 55
days for organizations to
remediate 50% of critical
vulnerabilities after their
patches are available.
days

Extortion is
increasingly common.

32%
32% of breaches in 2023
involved some type of
Extortion technique,
including Ransomware.
0% 20% 40% 60% 80% 100%

$46,000
The median loss associated with financially motivated incidents
involving Ransomware or Extortion of some kind was $46,000.1

Pretexting is perilous.

~25%
~25% of financially
motivated incidents involved
Pretexting over the past two
years, the majority of which
resulted in a Business Email 0% 20% 40% 60% 80% 100%
Compromise (BEC).

Being compromised
is costly.

$50,000
The median loss attributed to BEC in 2022 and 2023 was
around $50,000.1

Businesses like yours can face threats from cybercriminals.


Read the complete Verizon 2024 Data Breach Investigations
Report for a comprehensive discussion of the current trends and
emerging techniques these bad actors employ. And reach out to
your Verizon Business representative to find out why Verizon is
the right partner to help support your fight against cyber threats.

Read the report at [Link]/dbir.

1. Based on data from the FBI’s Internet Crime Complaint Center


© 2024 Verizon. OGINF4010524

You might also like