- Improve in cybercrime complaints: In 2023, the FBI obtained over 880,000 cybercrime complaints, with reported losses exceeding $12.5 billion, a 13% rise in comparison with 2022.
- Rising ransomware prices: Ransomware assaults accounted for 58% of huge claims in 2024, with the typical value per ransomware incident rising to $432,000, up from $334,000 in 2023.
- Authorized pressures and knowledge breaches: The variety of knowledge privacy-related class motion lawsuits within the US surged to over 1,300 in 2023, greater than double the determine in 2022.
- Human vulnerabilities: Human error continues to dominate as a vital weak point, accounting for 75% of knowledge breaches. Social engineering and phishing stay the commonest assault strategies, chargeable for 44% of breaches.
“This newest analysis clearly signifies that organizations, no matter dimension, should undertake a proactive and complete strategy to cybersecurity,” mentioned Stu Sjouwerman, CEO of KnowBe4. “Cybersecurity can’t stay an remoted IT operate. As a substitute, it should be embraced as a core element of organizational technique, making certain that technological threat administration is backed by knowledgeable human defenses and complete threat administration practices, together with cyber insurance coverage.”
