In the first quarter of 2024 [2], there was a significant increase in publicly reported data compromises, with cyber-attacks being the main cause of incidents [2].
Description
In the first quarter of 2024 [2], there were 841 publicly reported data compromises [2], a 90% increase from the same period in 2023 [2], according to the Identity Theft Resource Center (ITRC) [2] [4]. Cyber-attacks were the main cause of incidents [2] [4], with 642 breaches and 28.6 million victims [2]. Supply chain attacks tripled in Q1 2024 [1] [2] [3], impacting 243 organizations and 7.5 million victims [1] [2]. Despite the rise in breaches [2], the total victim count decreased by 72% annually to 72.5 million [2]. Financial services [1] [2] [4], healthcare [2] [4], and professional services were the hardest hit industries [2]. Passkeys [2] [3] [4], a more secure way for users to log in using biometric authentication [2], are being promoted as a solution to combat these breaches [2]. X (formerly Twitter) recently joined the FIDO technology ecosystem for US iOS users [2].
Conclusion
The increase in data compromises in the first quarter of 2024 highlights the need for stronger cybersecurity measures. The promotion of passkeys as a solution and the adoption of FIDO technology by companies like X show a step towards enhancing security and protecting user data in the future.
References
[1] https://ediscoverytoday.com/2024/04/11/90-percent-more-compromises-than-q1-2023-reports-itrc-cybersecurity-trends/
[2] https://www.infosecurity-magazine.com/news/us-data-breach-surge-90-annually-q1/
[3] https://www.idtheftcenter.org/podcast/weekly-breach-breakdown-runaway-breach-train-q1-2024-data-breach-analysis/
[4] https://www.prweb.com/releases/identity-theft-resource-center-q1-2024-data-breach-analysis-compromises-up-90-percent-over-q1-2023-302110061.html
