IBM Report: Identity Comes Under Attack, Straining Enterprises' Recovery Time from Breaches
CAMBRIDGE, Mass., Feb. 21, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. According to IBM X-Force, IBM Consulting's offensive and defensive security services arm, in 2023, cybercriminals saw more opportunities to "log in" versus hack into corporate networks through valid accounts – making this tactic a preferred weapon of choice for threat actors.
- Ransomware attacks on enterprises saw a nearly 12% drop last year, as larger organizations opt against paying and decrypting, in favor of rebuilding their infrastructure.
- With this growing pushback likely to impact adversaries' revenue expectations from encryption-based extortion, groups that previously specialized in ransomware were observed pivoting to infostealers.
- "Identity is being used against enterprises time and time again, a problem that will worsen as adversaries invest in AI to optimize the tactic."
- Sign up for the 2024 IBM X-Force Threat Intelligence webinar on Thursday, March 7th at 11:00 am ET.