Key Takeaways
- In 2023, ransomware attacks increased by 93% year-over-year, affecting over 2,200 organizations globally.
- Phishing remains the top initial access vector, involved in 36% of breaches according to the 2024 DBIR.
- DDoS attacks surged by 117% in 2023, with over 10 million incidents recorded.
- The average time to identify a breach was 204 days in 2023.
- Healthcare sector saw average breach cost of $10.93 million in 2023.
- 82% of breaches involved compromised identities.
- 28,000 CVEs published in 2023, highest ever.
- 23% of vulnerabilities rated critical (CVSS 9.0+).
- Heartbleed (CVE-2014-0160) affected 17% of HTTPS servers.
- Phishing emails rose 58% to 3.4 billion in 2023.
- 90% of breaches start with phishing.
- Spear-phishing success rate is 70% higher than generic.
- Global cyber investment reached $188 billion in 2023.
- 93% of orgs increased security budgets in 2024.
- Zero-trust adoption grew to 81% of enterprises.
Cyber threats surged dramatically in 2023, making attacks more frequent and costly than ever.
Cyber Threats
- In 2023, ransomware attacks increased by 93% year-over-year, affecting over 2,200 organizations globally.
- Phishing remains the top initial access vector, involved in 36% of breaches according to the 2024 DBIR.
- DDoS attacks surged by 117% in 2023, with over 10 million incidents recorded.
- Supply chain attacks rose by 42% in 2023, impacting third-party vendors extensively.
- Cryptojacking incidents increased by 89% in Q4 2023 compared to previous quarters.
- Mobile malware samples grew to over 12.7 million in 2023, a 24% increase.
- IoT botnets like Mirai variants launched 65% more attacks in 2023.
- Zero-day exploits were used in 12% of attacks tracked in 2023.
- Insider threat incidents rose by 44% from 2022 to 2023.
- APT groups conducted 78% of state-sponsored cyber espionage in 2023.
- Malware-as-a-Service offerings proliferated, with 1,500+ new variants in 2023.
- Deepfake-related cyber fraud attempts increased by 300% in 2023.
- Cloud misconfigurations led to 19% of breaches in 2023.
- 80% of organizations experienced at least one cyber attack in 2023.
- Ransomware payments averaged $1.54 million per incident in 2023.
- BEC scams caused $2.9 billion in losses in 2023.
- Vulnerability exploitation accounted for 29% of breaches.
- Over 5,200 vulnerabilities disclosed in Q1 2024 alone.
- Log4Shell (CVE-2021-44228) was exploited in 25% of attacks post-disclosure.
- MOVEit Transfer breach affected 2,700 organizations in 2023.
- In 2023, 74% of breaches involved stolen credentials.
- State-sponsored attacks targeted critical infrastructure 42% more.
- Fileless malware detections up 225% in 2023.
- Over 1.1 million phishing sites blocked daily.
- Colonial Pipeline ransomware halted fuel supply for days.
Cyber Threats Interpretation
Data Breaches
- The average time to identify a breach was 204 days in 2023.
- Healthcare sector saw average breach cost of $10.93 million in 2023.
- 82% of breaches involved compromised identities.
- Financial services breach costs averaged $5.9 million.
- Over 3,200 data breaches reported in the US in 2023.
- Equifax breach exposed 147 million records in 2017, with ongoing impacts.
- SolarWinds breach compromised 18,000 organizations.
- Change Healthcare breach in 2024 disrupted payments for weeks.
- 62% of breaches involved stolen credentials.
- Average breach notification time was 49 days.
- Retail sector breaches cost $3.36 million on average.
- 83 million records exposed in US breaches in Q1 2024.
- Public sector breach costs hit $4.88 million average.
- 95% of breaches involved human error or behavior.
- MGM Resorts breach in 2023 cost $100 million.
- 2.6 billion personal records compromised globally in 2023.
- Energy sector saw 21% increase in breaches.
- Average containment time for breaches was 77 days.
- 51% of breaches were ransomware-related.
- Average breach cost for critical infrastructure $5.1M.
- 17.4 million records exposed in education breaches.
- Okta breach in 2022 affected 366 customers.
- 43% of breaches from external actors.
- Yahoo breach 2013-2014 exposed 3 billion accounts.
- Manufacturing breach costs averaged $4.82M.
- 88% of orgs had >1 breach in 2023.
- Twilio breach 2022 impacted 163 customers.
- Detection time down 4% but still 277 days total cycle.
- 25% of breaches cost over $5 million.
Data Breaches Interpretation
Phishing
- Phishing emails rose 58% to 3.4 billion in 2023.
- 90% of breaches start with phishing.
- Spear-phishing success rate is 70% higher than generic.
- 36% of users click phishing links in simulations.
- Vishing attacks increased 329% in 2023.
- Smishing incidents up 328% year-over-year.
- Average phishing campaign lasts 25 hours.
- 84% of orgs faced phishing in 2023.
- BEC phishing caused $43 billion losses since 2016.
- 1 in 10 emails contain phishing elements.
- Training reduces phishing susceptibility by 40%.
- MFA fatigue attacks succeeded in 55% cases.
- QR code phishing (quishing) up 51%.
- 74% of ransomware starts with phishing.
- AI-generated phishing emails fool 60% more users.
- 22% of breaches from phishing attachments.
- 68% of users fail to report phishing.
- Phishing simulation click rate averages 27%.
- 95% of cybersecurity issues from human error.
- 1.2 million phishing kits available online.
- 300,000 unique phishing attacks daily.
- 83% of users recognize phishing after training.
- WhatsApp phishing up 1300%.
- 16% of breaches from social engineering.
- Average BEC loss $120,000 per incident.
- 47% of orgs hit by credential stuffing.
- Email open rate for phishing 42%.
- 61% of C-level execs targeted by phishing.
Phishing Interpretation
Security Investments
- Global cyber investment reached $188 billion in 2023.
- 93% of orgs increased security budgets in 2024.
- Zero-trust adoption grew to 81% of enterprises.
- EDR market size hit $10.2 billion in 2023.
- 76% of orgs use AI in cybersecurity.
- Global MSSP market to reach $69 billion by 2028.
- 87% plan to invest in cloud security.
- SOC spending up 15% to $52 billion.
- MFA adoption at 72% but bypasses common.
- SIEM market valued at $5.3 billion in 2023.
- 65% of CISOs report budget increases.
- Ransomware defense spending doubled since 2020.
- 94% of boards discuss cybersecurity quarterly.
- XDR adoption up 200% in two years.
- Cyber insurance premiums rose 25% in 2023.
- 82% of orgs prioritize threat intelligence.
- Global cybersecurity workforce gap at 3.5 million.
- 55% allocate >10% budget to training.
- CASB market to grow to $12.5 billion by 2027.
- 70% of orgs invested in SASE in 2023.
- Global cybersecurity spending forecast $215B in 2024.
- 89% of CISOs face budget constraints.
- Cloud security spending up 24%.
- 67% invest in threat hunting tools.
- Cyber insurance market $14B in premiums.
Security Investments Interpretation
Vulnerabilities
- 28,000 CVEs published in 2023, highest ever.
- 23% of vulnerabilities rated critical (CVSS 9.0+).
- Heartbleed (CVE-2014-0160) affected 17% of HTTPS servers.
- EternalBlue (CVE-2017-0144) exploited in WannaCry, affecting 200k systems.
- 97% of vulnerabilities unpatched after 90 days in orgs.
- Log4j vulnerability scanned 100 times per minute peak.
- Over 60,000 vulnerabilities in top 100 apps.
- 75% of apps have high/medium severity vulns.
- Patch Tuesday fixed 67 flaws in March 2024.
- 40% of breaches exploit known vulns >1 year old.
- Android vulns totaled 1,223 in 2023.
- Chrome zero-days exploited 8 times in 2023.
- NVD backlog hit 30,000 entries in 2023.
- 85% of orgs have unpatched critical vulns.
- ProxyShell (CVE-2021-34473) exploited in 30k servers.
- 1 in 5 Windows vulns are remote code execution.
- Java vulns average 300 per year.
- 62% of critical vulns lack public exploits initially.
- iOS zero-days patched 14 in 2023.
- 91% of orgs vulnerable to ransomware via unpatched systems.
- BlueKeep (CVE-2019-0708) could affect 1 billion devices.
- 45% of vulns in open source components.
- Pwn2Own 2023 awarded $1M+ for exploits.
- 78% of codebases have outdated libraries.
- Spectre/Meltdown affected nearly all CPUs.
- Average time to patch critical vuln: 18 days.
- 9,000+ flaws in 2023 Microsoft patches.
- SSL/TLS vulns in 15% of sites.
- 35% of exploits target web apps.
- Rowhammer attacks viable on DDR4.
- 50% of orgs run unsupported software.
- Adobe Flash EOL led to 0-days surge.
Vulnerabilities Interpretation
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