Key Takeaways
- In 2023, ransomware attacks increased by 73% year-over-year, affecting over 2,200 victims worldwide according to the Emsisoft Ransomware Report
- DDoS attacks surged by 178% in the first half of 2023 compared to 2022, with over 8.46 million incidents recorded by Cloudflare
- Phishing attacks accounted for 36% of all data breaches in 2023 per Verizon's DBIR
- There were 2,365 publicly disclosed data breaches in the US in 2023, a 72% increase from 2022 according to ITRC
- The average cost of a data breach in 2023 reached $4.45 million, up 15% over three years per IBM's Cost of a Data Breach Report
- MOVEit breaches exposed data of 62 million individuals in 2023, as tracked by SecurityWeek
- 74% of breaches involved a human element like phishing or error per Verizon DBIR 2024
- 95% of cybersecurity issues are due to human error according to Help Net Security survey
- Only 24% of employees received cybersecurity training in the past year per Proofpoint 2023 report
- Multi-factor authentication (MFA) adoption stands at 52% among organizations per Microsoft's 2023 DNS report
- 83% of organizations use AI/ML for threat detection per Palo Alto Networks 2023 survey
- Endpoint detection and response (EDR) tools blocked 1.2 billion malware attacks in 2023 per CrowdStrike
- Global cybercrime costs are projected to reach $10.5 trillion annually by 2025 per Cybersecurity Ventures
- Ransomware cost businesses $20 billion in 2023 according to Chainalysis Crypto Crime Report
- Average ransomware payment was $1.54 million in 2023 per Sophos State of Ransomware
Cyberattacks surged alarmingly in 2023 primarily due to widespread human error and inadequate training.
Breach Incidents
- There were 2,365 publicly disclosed data breaches in the US in 2023, a 72% increase from 2022 according to ITRC
- The average cost of a data breach in 2023 reached $4.45 million, up 15% over three years per IBM's Cost of a Data Breach Report
- MOVEit breaches exposed data of 62 million individuals in 2023, as tracked by SecurityWeek
- Change Healthcare breach affected 1/3 of Americans, exposing 100 million records per HHS
- 23andMe breach leaked genetic data of 6.9 million users in 2023 per company notification
- Snowflake breaches impacted 165 organizations, leading to 100 million records stolen per Mandiant
- AT&T breach exposed call records of 109 million accounts per company disclosure
- MGM Resorts ransomware halted operations costing $100 million per SEC filing
- Clorox breach led to $49 million revenue loss in Q4 2023 per earnings call
- Uber breach via social engineering exposed source code in 2022 but impacts lingered into 2023
- LastPass breach affected 30 million users' vaults per company update
- Okta support breach compromised 134 customers per disclosure
- Caesars Entertainment paid $15 million ransom in 2023 breach per WSJ
- Change Healthcare paid undisclosed ransom estimated at $22 million per reports
- SAP NetWeaver vulnerabilities exploited in 1,200+ attacks per Onapsis
- Optus breach in Australia exposed 10 million customers' data in 2022 impacts 2023
- Twilio breach via MFA fatigue affected 163 customers per disclosure
- CitrixBleed vulnerability led to 50+ breaches exposing millions per company
- Medibank breach in Australia leaked 9.7 million records per OAIC
- British Library ransomware destroyed irreplaceable data per BBC
- MOVEit Transfer flaw exploited by Clop in 2,000+ orgs per Progress Software
Breach Incidents Interpretation
Defense Technologies
- Multi-factor authentication (MFA) adoption stands at 52% among organizations per Microsoft's 2023 DNS report
- 83% of organizations use AI/ML for threat detection per Palo Alto Networks 2023 survey
- Endpoint detection and response (EDR) tools blocked 1.2 billion malware attacks in 2023 per CrowdStrike
- Zero-trust architecture implemented by 81% of enterprises per Zscaler 2023 report
- Cloud security posture management (CSPM) tools detected 450 million misconfigurations in 2023 per Prisma Cloud
- SIEM systems processed 2.5 petabytes of log data daily on average per Splunk 2023 stats
- Passwordless authentication reduces risk by 99.9% per Microsoft study
- EDR adoption grew to 72% in enterprises per Gartner 2023 poll
- XDR platforms prevented 4.5 million attacks per vendor averages in 2023
- SASE adoption reached 40% globally per Gartner 2023
- CASB tools blocked 2.8 million shadow IT apps in 2023 per Netskope
- Behavioral analytics detected 78% of insider threats per Gurucul
- 92% of executives use MFA but only 44% enforce it org-wide per Yubico
- Vulnerability management programs patch 85% of CVEs within 30 days per Tenable
- Threat hunting teams uncovered 55% more threats per Gartner
- Network segmentation reduced breach scope by 50% per NIST case studies
- DLP solutions prevented 1.1 million data exfiltrations per Forcepoint 2023
- SOAR automation cut response time by 66% per IBM X-Force
- Identity and access management (IAM) maturity low at 25% per SailPoint
- WAF blocked 5.2 trillion attacks in 2023 per F5 report
- UEBA tools flagged 92% of anomalous behaviors per Exabeam
Defense Technologies Interpretation
Economic Impacts
- Global cybercrime costs are projected to reach $10.5 trillion annually by 2025 per Cybersecurity Ventures
- Ransomware cost businesses $20 billion in 2023 according to Chainalysis Crypto Crime Report
- Average ransomware payment was $1.54 million in 2023 per Sophos State of Ransomware
- Cyber insurance claims rose 50% in 2023 costing $3.5 billion per Munich Re
- BEC scams caused $2.9 billion in losses in 2023 per FBI IC3 report
- Downtime from breaches cost $9,440 per minute per Ponemon Institute
- Healthcare breach costs averaged $10.93 million in 2023 per IBM
- Retail sector saw $3.37 million average breach cost per IBM
- Financial services breaches cost $5.9 million on average per IBM 2023
- Lost productivity from cyber incidents cost $1.5 trillion globally per McAfee
- Detection and escalation costs averaged $1.92 million per breach per IBM
- Notification costs post-breach hit $0.31 million average per IBM 2023
- Brand damage from breaches lasts 2.3 years costing $1.4 million extra per Ponemon
- Post-breach stock price drops average 8% per University of Texas study
- SMBs face 43% higher breach costs relative to revenue per IBM
- Average time to identify breach is 204 days per IBM 2023, costing extra $4.5 million
- Containment costs averaged $1.58 million per IBM report
- Ex-post breach response consumed 28% of total costs per IBM
- Breach fines and penalties averaged $0.44 million per IBM
- Lost business costs $1.5 million average from breaches per IBM
- Customer churn post-breach at 32% per Ponemon
Economic Impacts Interpretation
Threat Landscape
- In 2023, ransomware attacks increased by 73% year-over-year, affecting over 2,200 victims worldwide according to the Emsisoft Ransomware Report
- DDoS attacks surged by 178% in the first half of 2023 compared to 2022, with over 8.46 million incidents recorded by Cloudflare
- Phishing attacks accounted for 36% of all data breaches in 2023 per Verizon's DBIR
- State-sponsored attacks rose 150% in 2023 with China-linked groups active in 50+ countries per Microsoft
- Supply chain attacks increased by 42% in 2023 per Sonatype report
- IoT devices faced 1.5 billion attacks per week in Q1 2024 per SonicWall
- Mobile malware samples grew to 12.7 million in 2023 per Kaspersky
- Cryptojacking incidents increased 29% to 76 million in 2023 per SonicWall
- APT groups numbered 148 active in 2023 per CrowdStrike Global Threat Report 2024
- Vulnerability exploits in breaches dropped to 29% but severity rose per Verizon
- Deepfake incidents in attacks tripled to 3,000+ in 2023 per Home Security Heroes
- Zero-day vulnerabilities exploited in 25% of intrusions per Google TAG
- Botnet attacks hit 7.2 billion per day in 2023 per Imperva
- Fileless malware attacks grew 225% in 2023 per Malwarebytes
- Nation-state actors conducted 40% of observed attacks per Mandiant M-Trends 2024
- Watering hole attacks targeted 150+ orgs in 2023 per Recorded Future
- Credential stuffing attacks hit 200 billion attempts in 2023 per Akamai
- Spyware infections rose 50% targeting journalists per Amnesty International
- ICS/OT attacks doubled to 400 per week per Dragos 2023
- Magecart attacks on e-commerce sites hit 1,800 in 2023 per RiskIQ
- Infostealer malware stole 2 billion credentials in 2023 per SpyCloud
Threat Landscape Interpretation
User Vulnerabilities
- 74% of breaches involved a human element like phishing or error per Verizon DBIR 2024
- 95% of cybersecurity issues are due to human error according to Help Net Security survey
- Only 24% of employees received cybersecurity training in the past year per Proofpoint 2023 report
- 81% of hacking-related breaches used stolen credentials per Verizon DBIR 2024
- Password reuse is practiced by 59% of users per Google 2023 survey
- Social media phishing success rate is 3.24% vs email's 0.05% per KnowBe4
- Use of compromised personal devices in breaches rose 20% per Verizon DBIR
- 43% of users click phishing links in simulations per Proofpoint
- Remote workers 300% more likely to infect systems per Zscaler
- 68% of breaches involved privileged credentials per BeyondCorp study
- Generative AI phishing emails rose 1,265% in late 2023 per SlashNext
- Only 15% of SMBs have incident response plans per Accenture
- Misconfigurations caused 60% of cloud breaches per Palo Alto 2023
- 91% of organizations experienced phishing attempts per Proofpoint 2024
- Employee training reduces phishing success by 70% per Infosec Institute
- IoT devices in breaches increased 150% per Verizon DBIR
- 52% of users share passwords with colleagues per LastPass study
- Vishing calls rose 344% in 2023 per Barracuda
- Third-party breaches caused 44% of incidents per UpGuard
- 70% of employees bypassed security policies per Varonis
- AI-generated phishing evaded detection 60% more per Egress
User Vulnerabilities Interpretation
Sources & References
- Reference 1EMSISOFTemsisoft.comVisit source
- Reference 2BLOGblog.cloudflare.comVisit source
- Reference 3VERIZONverizon.comVisit source
- Reference 4IDTHEFTCENTERidtheftcenter.orgVisit source
- Reference 5IBMibm.comVisit source
- Reference 6SECURITYWEEKsecurityweek.comVisit source
- Reference 7HELPNETSECURITYhelpnetsecurity.comVisit source
- Reference 8PROOFPOINTproofpoint.comVisit source
- Reference 9MICROSOFTmicrosoft.comVisit source
- Reference 10PALOALTONETWORKSpaloaltonetworks.comVisit source
- Reference 11CROWDSTRIKEcrowdstrike.comVisit source
- Reference 12CYBERSECURITYVENTUREScybersecurityventures.comVisit source
- Reference 13CHAINALYSISchainalysis.comVisit source
- Reference 14SOPHOSsophos.comVisit source
- Reference 15SONATYPEsonatype.comVisit source
- Reference 16SONICWALLsonicwall.comVisit source
- Reference 17HHShhs.govVisit source
- Reference 18BLOGblog.23andme.comVisit source
- Reference 19MANDIANTmandiant.comVisit source
- Reference 20BLOGblog.googleVisit source
- Reference 21KNOWBE4knowbe4.comVisit source
- Reference 22ZSCALERzscaler.comVisit source
- Reference 23PRISMACLOUDprismacloud.ioVisit source
- Reference 24SPLUNKsplunk.comVisit source
- Reference 25MUNICHREmunichre.comVisit source
- Reference 26IC3ic3.govVisit source
- Reference 27SECURELISTsecurelist.comVisit source
- Reference 28ABOUTabout.att.comVisit source
- Reference 29SECsec.govVisit source
- Reference 30INVESTORSinvestors.thecloroxcompany.comVisit source
- Reference 31GARTNERgartner.comVisit source
- Reference 32HOMESECURITYHEROEShomesecurityheroes.comVisit source
- Reference 33CLOUDcloud.google.comVisit source
- Reference 34UBERuber.comVisit source
- Reference 35BLOGblog.lastpass.comVisit source
- Reference 36OKTAokta.comVisit source
- Reference 37SLASHNEXTslashnext.comVisit source
- Reference 38ACCENTUREaccenture.comVisit source
- Reference 39NETSKOPEnetskope.comVisit source
- Reference 40GURUCULgurucul.comVisit source
- Reference 41MCAFEEmcafee.comVisit source
- Reference 42IMPERVAimperva.comVisit source
- Reference 43MALWAREBYTESmalwarebytes.comVisit source
- Reference 44WSJwsj.comVisit source
- Reference 45REUTERSreuters.comVisit source
- Reference 46ONAPSISonapsis.comVisit source
- Reference 47INFOSECINSTITUTEinfosecinstitute.comVisit source
- Reference 48YUBICOyubico.comVisit source
- Reference 49TENABLEtenable.comVisit source
- Reference 50NEWSnews.utexas.eduVisit source
- Reference 51RECORDEDFUTURErecordedfuture.comVisit source
- Reference 52AKAMAIakamai.comVisit source
- Reference 53AMNESTYamnesty.orgVisit source
- Reference 54OPTUSoptus.com.auVisit source
- Reference 55BLOGblog.twilio.comVisit source
- Reference 56CITRIXcitrix.comVisit source
- Reference 57LASTPASSlastpass.comVisit source
- Reference 58BARRACUDAbarracuda.comVisit source
- Reference 59NVLPUBSnvlpubs.nist.govVisit source
- Reference 60FORCEPOINTforcepoint.comVisit source
- Reference 61DRAGOSdragos.comVisit source
- Reference 62SPYCLOUDspycloud.comVisit source
- Reference 63OAICoaic.gov.auVisit source
- Reference 64BBCbbc.comVisit source
- Reference 65COMMUNITYcommunity.progress.comVisit source
- Reference 66UPGUARDupguard.comVisit source
- Reference 67VARONISvaronis.comVisit source
- Reference 68EGRESSegress.comVisit source
- Reference 69SAILPOINTsailpoint.comVisit source
- Reference 70F5f5.comVisit source
- Reference 71EXABEAMexabeam.comVisit source






