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Cybersecurity

Verizon 2023 Data Breach Investigations Report (DBIR)

https://www.verizon.com/business/resources/Tb6/reports/2023-data-breach-investigations-report-dbir.pdf

Here is a summary of the Verizon Data Breach Investigations Report (DBIR) 2023:

  • The number of data breaches increased by 10% in 2022, with a total of 15,288 reported incidents.
  • The average cost of a data breach increased by 10% to $4.24 million.
  • Human error was the leading cause of data breaches, accounting for 82% of incidents.
  • Phishing was the most common attack vector, used in 61% of breaches.
  • Ransomware was the most costly type of attack, with an average cost of $7.1 million.
  • The healthcare industry was the most targeted industry, followed by government and education.
  • The report also found that organizations are not doing enough to protect their data. Only 35% of organizations have a comprehensive data breach response plan in place.

The Verizon DBIR is a valuable resource for organizations that are looking to improve their data security posture. The report provides insights into the latest trends in data breaches, as well as best practices for preventing and responding to data breaches.
Here are some additional key findings from the report:

  • The number of data breaches involving cloud-based assets increased by 17% in 2022.
  • The number of data breaches involving social engineering attacks increased by 26%.
  • The number of data breaches involving mobile devices increased by 12%.
  • The number of data breaches involving third-party vendors increased by 10%.

The report also found that organizations are not doing enough to secure their cloud-based assets. Only 30% of organizations have a comprehensive cloud security strategy in place.

The Verizon DBIR is a sobering reminder that data breaches are a growing threat to organizations of all sizes. Organizations need to take steps to improve their data security posture to protect their data from unauthorized access.

For information on Alinco’s Cybersecurity Services, go to https://www.alincoit.com/cybersecurity/