Threats are growing: Attacks, as measured by the ratio of detected threats to all authentications, are up across the board. In May of 2024 alone (after a spike in credential stuffing activity against user accounts from March to April), Okta blocked 2.38 billion malicious requests. Okta data shows the number of detected threats has remained at a much higher level than the year prior.
Energy under attack: The energy, mining, oil, and gas industry has the highest rate of detected threats again this year, up tenfold from 3.3% to 32%. Power grids and oil, gas, and mining operations are sometimes less digitally secure, and they’ve become popular targets for activists and state-sponsored criminal groups.
Nonprofits at risk: Nonprofits was the second-most targeted industry, with detected threats accounting for 18% of authentications this year (up from 2.6% last year). In one survey of nonprofits, nearly two-thirds of respondents said they’d experienced a security breach or critical data incident in the past year. And while nonprofits are not formally recognized as critical infrastructure, hackers are treating them that way.
Finance breathes easier: Last year, finance and banking’s rate of detected threats (2.8%) ranked second among industries. That rate rose to 2.9% this year, but other industries had much higher growth rates, which pushed finance and banking down to No. 13. Finance and banking companies are hardening their defenses: System intrusion and social engineering attacks are both on the rise in the sector, indicating that attackers are having to work harder to pull off a breach.