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

Verizon Business has the unique position of being a global leader in cybersecurity with network expertise and visibility.

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Verizon Business will be front and center at RSA 2024 (Booth #5570) 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 (DBIR). 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.