Data breaches spiked by 490% since first half of 2023

TLDR:

• 490% rise in data breach victims in H1 of 2024 compared to H1 of 2023
• Q2 had 732 publicly reported data breaches, a 12% decrease from Q1

The Identity Theft Resource Center (ITRC) report reveals a 490% increase in data breach victims in H1 of 2024 compared to the same period in 2023. With Q2 of 2024 having 732 publicly reported data breaches, a 12% decrease from Q1, security leaders weigh in on the factors contributing to the surge in breach victims. Stephen Kowski of SlashNext emphasizes the importance of AI-powered controls and a zero trust security model to combat cyber threats. Chris Morales of Netenrich highlights the rise in AI-enhanced attacks and the need for more proactive, data-driven strategies. Justin Kestelyn of Bugcrowd discusses the evolving attack vectors and the urgency for organizations to become proactive about cybersecurity. These security experts stress the importance of a multi-layered security approach, utilizing advanced technology, employee training, and continuous improvement strategies to mitigate data breach risks and maintain consumer trust in the face of an ever-evolving cyber threat landscape.