Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™

Verizon Business will be front and center at RSA 2024 at the Moscone Center in San Francisco to demonstrate the latest cybersecurity strategies and solutions and, more importantly, how to put them to work for the business community.

“Our presence at this year’s RSA is much more than just having a booth – as
a global leader in cybersecurity, we have a responsibility to help the
global business community develop the knowledge and plan to safeguard their
data,” said Jennifer Varner, Senior Director of Security Solution Sales,
North America, Verizon Business. “Every year, the importance of this
conference increases. Bad actors work 24/7, as does Verizon Business. Come
have a conversation with our team, as conversation leads to a plan, which
leads to meaningful action when it comes to cybersecurity preparedness.”

On May 1, Verizon Business announced the 2024 Data Breach Investigations
Report. For the last 17 years, the DBIR has served as an authoritative and
comprehensive source of information on data breaches and cyber incidents in
the world. The 2024 report compiled a record number of breaches – with over
30,000 incidents reviewed and over 10,000 confirmed data breaches analyzed
across 94 countries.

What you need to know about the 2024 DBIR findings:

The big news. Exploitation of vulnerabilities, like ransomware attacks and
extortion techniques, grew by 180% – nearly tripling in the last year. The
report also found that while it takes businesses on average 55 days to patch
only 50% of their vulnerabilities, it takes threat actors just 5 days to
find and exploit them.

Stolen credentials are still a problem. Over the last ten years, 31% of all
breaches have involved stolen credentials. This includes phishing attacks.
In fact, this year’s report found that the median time for users to fall for
phishing emails is less than 60 seconds.

Humans are vulnerable. 68% of all breaches involved a “non-malicious human
element,” caused by a person who either fell victim to a social engineering
attack like phishing or made some type of error, like sending sensitive
information to the wrong person.

There’s more. The cyber threat landscape has only become more complex and
dangerous. The 2024 report is designed to help business owners and employees
safeguard their data by better understanding the current trends and emerging
techniques bad actors employ.

“Each year, certain things remain the same – bad actors work tirelessly to
steal and monetize data, the human element continues to be a vulnerability,
and business leaders need to focus on their cybersecurity architecture,”
said Chris Novak, Sr. Director of the Verizon Threat Research Advisory
Center. “As we’ve seen with the 2024 Data Breach Investigations Report,
vulnerability exploitation surged by 180% last year and ransomware and
extortion techniques accounted for a third of all breaches. Business leaders
need to think about cybersecurity every day because when you think you’re
ahead, you’re already two steps behind.”