Security News > 2023 > June > Verizon 2023 Data Breach Investigations Report: 74% of breaches involve human element

Verizon Business today released the results of its 16th annual Data Breach Investigations Report, which analyzed 16,312 security incidents and 5,199 breaches.

Chief among its findings is the soaring cost of ransomware - malicious software that encrypts an organization's data and extorts large sums of money to restore access.

Human element remains dominant in cybersecurity breaches.

The human element still makes up the overwhelming majority of incidents, and is a factor in 74% of total breaches, even as enterprises continue to safeguard critical infrastructure and increase training on cybersecurity protocols.

"Senior leadership represents a growing cybersecurity threat for many organizations," said Chris Novak, Managing Director of Cybersecurity Consulting at Verizon Business.

"Globally, cyber threat actors continue their relentless efforts to acquire sensitive consumer and business data. The revenue generated from that information is staggering, and it's not lost on business leaders, as it is front and center at the board level," said Craig Robinson, Research VP at IDC. "Verizon's Data Breach Investigations Report provides deep insights into the topics that are critical to the cybersecurity industry and has become a source of truth for the business community."

News URL

https://www.helpnetsecurity.com/2023/06/06/verizon-data-breach-investigations-report-2023-dbir/