Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED.
Let an ISACA® certification
elevate your career.

Register today and save
Network Security
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
75% of Breaches Financially Motivated, 20% Are Espionage

75% of Breaches Financially Motivated, 20% Are Espionage
By Jennifer LeClaire

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

"The bottom line is that, unfortunately, no organization is immune to a data breach in this day and age," said Wade Baker, principal author of the Verizon 2013 Data Breach Investigations Report. "We have the tools today to combat cybercrime, but it's really all about selecting the right ones and using them in the right way."
 


Money was still by far the biggest motivation behind data breaches in 2012, followed by state-sponsored espionage, according to a new report from Verizon. "Hacktivists" were as busy as ever, but shifted their attention away from data theft to instead paralyzing or disrupting systems.

The Verizon 2013 Data Breach Investigations Report found that financially motivated cybercrime tops its list at 75 percent of all breaches. State-affiliated espionage campaigns claimed the second spot at 20 percent.

The report also found that the proportion of incidents involving hacktivists held steady. But many hacktivists shifted from data theft to other methods of disruption such as distributed denial of service (DDoS) attacks. These attacks also have significant costs because they impair business and operations.

"The bottom line is that, unfortunately, no organization is immune to a data breach in this day and age," said Wade Baker, principal author of the Data Breach Investigations Report series. "We have the tools today to combat cybercrime, but it's really all about selecting the right ones and using them in the right way. In other words, understand your adversary -- know their motives and methods, and prepare your defenses accordingly, and always keep your guard up."

Hacking Leads the Way

Who are the victims? It runs the gamut. Thirty-seven percent of breaches affected financial organizations, while 24 percent affected retailers and restaurants. Twenty percent of network intrusions involved the manufacturing, transportation and utilities industries. The same percentage affected information and professional services firms. The cyberattacks occurred in 27 countries, and 38 percent affected larger organizations.

External attacks remain largely responsible for data breaches, with 92 percent of them attributable to outsiders and 14 percent committed by insiders. This category includes organized crime, activist groups, former employees, lone hackers and even organizations sponsored by foreign governments. As in the 2012 report, business partners were responsible for about 1 percent of data breaches.

Hacking is the No. 1 way breaches occur. Indeed, hacking was a factor in 52 percent of data breaches. Seventy-six percent of network intrusions exploited weak or stolen credentials, i.e. user name and password. Another 40 percent incorporated malware, such as malicious software, script or code used to compromise information. Thirty-five percent involved physical attacks, such as ATM skimming. And 29 percent leveraged social tactics, such as phishing.

More Sophisticated than Ever

Ken Pickering, development manager for security intelligence at CORE Security, told us attacker profilers have advanced since the inception of cybercrime and cyber-espionage. (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Network Security
1.   UPS Stores Hit by Data Breach
2.   Target Data Breach Cost: $148 Million
3.   Aruba Handles Black Hat with Aplomb
4.   Chinese Hackers Steal Patient Data
5.   FBI Cybersquad To Add Agents


advertisement
Aruba Handles Black Hat with Aplomb
Network firm sees 2,376 DoS attacks.
Average Rating:
UPS Stores Hit by Data Breach
Biz must adopt better security measures.
Average Rating:
Target Data Breach Cost: $148 Million
Better customer data protection needed.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
UPS Stores in 24 States Hit by Data Breach
Big Brown has been breached. UPS said that about 105,000 customer transactions at 51 of its UPS Store locations in 24 states could have been compromised between January and August.
 
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 

Enterprise Hardware Spotlight
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 

Mobile Technology Spotlight
Samsung, B&N Target Amazon with Nook Tablet
They've seen the enemy and it is Amazon. So Samsung and Barnes & Noble are teaming up to combat their common foe with a 7-inch tablet that blends Samsung’s tech, Nook’s content and e-reader platform.
 
Apple Stock Soars Ahead of iPhone 6 Launch
The imminent release of the iPhone 6 -- and maybe even an iWatch -- has sent Apple's stock soaring to new heights. Considering what else the firm could have up its sleeve -- the stratosphere may be the limit.
 
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.