Data Breach Report Summary
Bruce Bird
Technology senior leader, risk and compliance advisor, innovator, analysis-driven decision maker, fraud prevention leader, management consultant
FIR Risk Tuesday E40 covers the recently released 2024 Data Breach Report from the https://www.idtheftcenter.org. This report gives detailed analytics and insights from data breach notifications issued during 2024 (and prior years). AI + Human summary below.
Lets kick things off with the facts about the top data breaches in 2024:
?? 2024 Data Breach Trends & Best Practices ??
The latest ITRC 2024 Data Breach Report is out, and the numbers are staggering:
?? 3,158 total breaches reported in 2024
?? 1.7 billion victim notices issued—a 312% increase from last year
?? Credential-based attacks and supply chain breaches remain dominant threats
?? Financial Services surpassed Healthcare as the most compromised industry
?? Key Takeaways for Organizations:
? Adopt Multi-Factor Authentication (MFA) to prevent credential stuffing attacks
? Strengthen supply chain security to reduce third-party risks
? Improve breach notification transparency to comply with evolving regulations
? Utilize AI-driven cybersecurity tools for real-time threat detection
? Stay compliant with new state privacy laws coming in 2025
?? Data breaches are evolving, and so should our security strategies. How is your organization adapting to these trends? Let’s discuss in the comments! ??
?? Read the full report here: DBR
The ITRC 2024 Data Breach Report contains several useful charts and visuals that effectively summarize key trends and insights. Here are the best ones to highlight:
1. Infographic on Page 3 – 2024 Data Breach Overview
?? Why Use It?
This infographic provides a high-level snapshot of data breaches in 2024, including:
领英推荐
? Total compromises (3,158 breaches)
? Victim notices (1.7 billion, a 312% increase)
? Top industries affected (Financial Services, Healthcare, Manufacturing)
? Total attack vectors (Cyberattacks, System Errors, Supply Chain Breaches)
? Breach notification transparency (35% lacked full details)
? Best Use Case: Great for presentations, executive briefings, or social media posts summarizing key stats.
2. Table on Page 7 – Compromises by Industry (2019-2024)
?? Why Use It?
? Shows how breaches have evolved by industry over the last five years.
? Highlights the rise of Financial Services breaches, which surpassed Healthcare for the first time since 2018.
? Best Use Case: Useful for industry-specific reports or insights into sectoral risk trends.
3. Chart on Page 9 – 2024 Financial Services Breakout
?? Why Use It?
? Breaks down data breaches in the Financial Services sector, one of the hardest-hit industries.
? Shows how commercial banking and insurance breaches surged in 2024.
? Best Use Case: Helps financial organizations understand specific threats and prepare mitigation strategies.
4. Infographic on Page 23 – Additional Cybersecurity Resources
?? Why Use It?
? Lists key resources, reports, and podcasts for deeper cybersecurity insights.
? Includes the Consumer Impact Report, Trends in Identity Report, and Data Breach Report (DBR).
? Best Use Case: A great resource to share with security teams or stakeholders looking for continuous learning opportunities.
Stay tuned for more to come on Cyber Fraud in future FIR Risk Newsletters!
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Nice work Bruce Bird !