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Year over year jump in ransomware attacks greater than past five years combined, as latest report highlights exceptional year in cybersecurity

What you need to know:

• The 2022 DBIR - marking its 15 year anniversary - analyzed 23,896 security incidents, of which 5,212 were confirmed breaches

• Year over year ransomware attacks increased by 13 percent, a jump greater than the past 5 years combined

• Roughly 4 in 5 breaches can be attributed to organized crime, with external actors approximately 4 times more likely to cause breaches in an organization than internal actors

• Human element involved in 82 percent of all breaches analyzed over the past year

BASKING RIDGE, N.J., May 24, 2022 (GLOBE NEWSWIRE) -- The Verizon Business 2022 Data Breach Investigations Report (2022 DBIR) examines an unprecedented year in cybersecurity history, and sheds light on some of the leading issues affecting the international cybersecurity landscape.

Of particular concern is the alarming rise in ransomware breaches, which increased by 13 percent in a single year - representing a jump greater than the past 5 years combined. As criminals look to leverage increasingly sophisticated forms of malware, it is ransomware that continues to prove particularly successful in exploiting and monetizing illegal access to private information.

Organized crime also continues to be a pervasive force in the world of cybersecurity. Roughly 4 in 5 breaches can be attributed to organized crime - with external actors approximately 4 times more likely to cause breaches in an organization than internal actors.

Heightened geopolitical tensions are also driving increased sophistication, visibility, and awareness around nation-state affiliated cyber attacks.

“Over the past few years, the pandemic has exposed a number of critical issues that businesses have been forced to navigate in real-time. But nowhere is the need to adapt more compelling than in the world of cybersecurity,” said Hans Vestberg, CEO and Chairman, Verizon. “As we continue to accelerate toward an increasingly digitized world, effective technological solutions, strong security frameworks, and an increased focus on education will all play their part in ensuring that businesses remain secure, and customers protected.”

For many businesses, the past year has also been dominated by supply chain issues, and this trend was also reflected across the cybersecurity landscape. 62 percent of System Intrusion incidents came through an organization’s partner. Compromising the right partner is a force multiplier for cybercriminals, and highlights the difficulties that many organizations face in securing their supply chain.