Cybercriminals embrace smarter strategies, less effort

2024 is shaping up to be a record-breaking year for data breaches, according to Experian.

With increased data collection, storage, and movement, there are plenty of partners down the supply chain that could be targeted.

We predict attacks on systems four, five or six degrees from the source as vendors outsource data and technology solutions who outsource to another expert and so on.

“Cybercriminals are continually working smarter, not harder,” said Michael Bruemmer, VP, Global Data Breach Resolution at Experian.

Rather than breach an organization and play in the underground with stolen data, threat actors could leverage data extraction and their talents in plain sight as everyday investors.

“Today, perpetrators can come from anywhere in the world and bring with them robust resources and expertise,” added Jim Steven, Head of Crisis and Data Response Services at Experian Global Data Breach Resolution in the United Kingdom.

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