2024 SonicWall Mid-Year Cyber Threat Report
The 2024 SonicWall Mid-Year Cyber Threat Report highlights threat actors’ activities for the first half of the calendar year and provides actionable insights on how to defend your networks. The first half of 2024 has already seen escalating cybercrime activity with increases in malware, IoT malware and encrypted threat activity.
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Each year, SonicWall’s Mid-Year Cyber Threat Report covers the most pressing threats and trends in the world of cybersecurity for the first half of the year. In cybersecurity, rapid changes are not just common—they’re expected, so a second threat report at the halfway point of the year helps organizations better adapt to the latest turmoil. The 2024 Mid-Year Cyber Threat Report covers significant increases in IoT Malware, encrypted threats and more. Understand regional threat trends alongside a shift in how we’re measuring threats—a shift that has enabled us to calculate how much money threat protection is saving you.
Table of Contents
- Letter from the CEO
- Introduction
- Executive Summary
- Threat Landscape
- Evolving Metrics
- Supply Chain Attacks Intensify
- Unveiling the Latest Trends
- Actionable Insights for Today’s Evolving Threats
- Takeaways
What trends are discussed in the Mid-Year Cyber Threat Report?
During the first half of 2024, we found that threat actors are working overtime—literally. Our telemetry data showed 1,104 hours of critical attacks out of only 880 work hours. That means threat actors are logging 20% more hours than the average worker. But SonicWall puts in the hours to provide this threat report so organizations know what they’re up against and how to combat it.
More Threat Trends
Business Email Compromise (BEC)
On average, ten BEC events are reported for every one ransomware event with 70% of BEC events involving a variety of social engineering.
IoT Malware
Internet of Things (IoT) Malware spiked 107%—and among devices that suffered an IoT attack, the average hours under attack amounted to 52.8.
Cloud Attacks
83% of customer-received alerts from our managed services team are related to cloud apps and compromised credentials.