Identity Theft Resource Centers 2024 Annual Data Breach Report Reveals Near-Record Number of Compromises and Victim Notices
Summary
"Our 2024 Annual Data Breach Report reveals troubling trends," said Eva Velasquez, CEO of the Identity Theft Resource Center. "Innovative technologies like passkeys offer promising solutions to prevent breaches caused by stolen and compromised passwords, which accounted for four of the six mega-breaches." Attacks using stolen credentials against Ticketmaster, Advanced Auto Parts, AT&T, Change Healthcare and other organizations could have been blocked with the addition of multi-factor authentication (MFA) or passkeys. • Of the 133 cyberattacks against publicly traded companies resulting in a data breach notice, a stolen credential was the leading attack vector. Through public and private support, the ITRC provides no-cost victim assistance and consumer education through its website live chat, idtheftcenter.org, and toll-free phone number 888.400.5530.