Is Your Safety Data Safe?

The latest Verizon report on worldwide data breaches highlights the critical need for businesses to focus on security for remote-working as hacking, phishing, and attacks on cloud-based data rise.

The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows a year-over-year two-fold increase in web application breaches, to 43 per cent – stolen credentials were used in over 80 per cent of these cases.

“As remote working surges in the face of the global pandemic, end-to-end security from the cloud to employee laptop becomes paramount,” said Tami Erwin, CEO, Verizon Business.

“In addition to protecting their systems from attack, we urge all businesses to continue employee education as phishing schemes become increasingly sophisticated and malicious.”

Key findings:

• 72% of breaches involved large business victims
• 58% of victims had their personal data compromised
• 45% of breaches involved hacking
• 86% of breaches were financially motivated
• 43% of breaches involved web applications
• 37% breaches involved stolen or used credentials
• 27% of malware incidents were ransomware
• 22% of breaches involved phishing
• 22% of attacks included social attacks
• 22% involved malware
• 70% of breaches were perpetrated by external actors
• 55% of breaches were caused by organized criminal groups