SonicWall releases mid-year cyber threat report

MILPITAS, Calif. — SonicWall has released its 2024 SonicWall Mid-Year Cyber Threat Report, researched and compiled by SonicWall Capture Labs, which unveils a rise in overall cyber attacks following an 11% increase observed in 2023.

The security report details the evolving threat landscape over the first five months of 2024, highlighting the persistent, relentless and escalating nature of cyber threats globally. This report has been built with SonicWall's partners in mind, and according to the company, has undergone a significant transformation. The report has changed how it measures critical cyberthreat data to include time as a factor. It also highlights the latest trends that are impacting SonicWall’s partners and their customers. For the first time the report ties attacks to tangible business impact, including potential revenue risk.

"As threat actors continue to add more efficient and sophisticated tactics, we knew the threat report had to evolve to suit our partners' and customers' needs," said SonicWall President and CEO Bob VanKirk. "The report is current and includes timely trends and provides our partners, MSPs, MSSPs and customers with actionable intelligence to help them create and implement strategies to help their customers combat these threats whether new or old."

SonicWall intelligence found that on average, companies were under critical attack for 1,104 hours out of 880 working hours. "The data and examples found in the report provide real life examples of how crafty and swift malicious actors operate, underscoring that traditional cybersecurity defenses often prove to be the most reliable," said SonicWall Executive Director of Threat Research Douglas McKee. "Data is not just a resource; it's our frontline defense against cybercrime, revealing critical insights that inform allocation of resources and enable targeted and proactive cybersecurity measures."

The 2024 SonicWall Mid-Year Cyber Threat Report provides insight on a range of threats, including: Malware, Ransomware, IoT Malware, and Cryptojacking.

The full report can be found online at www.sonicwall.com/threat-report.