Midyear 2024 Cyber Risk Report

Modern organizations face escalating financial impact not from isolated perimeter breaches, but from systemic vulnerabilities spread across vendor networks and software supply chains. Resilience analyzed claims portfolio data to reveal how third-party dependencies, ransomware recovery costs, and human-targeted entry points are reshaping enterprise risk.

What you’ll find inside:

• Surging Third-Party Risk: Vendor-driven failures are the fastest-growing cause of claims—jumping from 35% of all claims in 2023 to 40% in the first half of 2024—as business consolidation creates widespread supply chain exposures.
• Escalating Ransomware Costs: While fewer than 10% of affected clients pay extortion fees, overall financial severity jumped 411% as ransomware accounted for over 80% of total portfolio losses.
• Human and Software Entry Points: Phishing remains the leading point of failure for incurred claims (21% of losses), while unpatched software vulnerabilities account for 15% of financial severity despite driving only 2% of total claims volume.