Leading data protection company BreachAware is warning business owners of the rising cost of cybercrime after the latest figures found that cybercrime is expected to cost the world economy $13.82 trillion by 2028.London, England, United Kingdom - May 9, 2024 — The latest Data Breach Investigations Report by Verizon shows that accessing personal information is still the biggest factor involved in cybercrime. The report analysed 30,458 real-world security incidents, of which 10,626 were confirmed data breaches, with victims spanning 94 countries. In the 2024 report, the use of stolen credentials accounted for 77% of attacks against web applications.

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