Organized crime wants your data
July 30, 2010 by Steve HannafordPosted in: In this week's e-newsletter, Latest News & Views
More than ever, data breaches are being carried out by professional, organized groups.
In fact, 85% of all stolen data is now being taken by organized crime. That’s the finding of the recently released 2010 Verizon Data Breach Investigations, a report that studied data breaches that took place over six years. The study analyzed 900 cases involving 900 million compromised records.
Other findings of the study:
- The three industries that are the biggest victims of data threat are finance, hospitality and retail
- 39% of the breaches were enabled by use of stolen logins
- 50% of breaches had some involvement from insiders
- 85% of the breaches were not considered very difficult
- Eastern Europe, East Asia and the U.S. were the sources of most of the external data breaches
- Around half of all breaches involved manipulations of user privileges
- 38% of attacks used malware
- 29% used social engineering (tricking users to give away crucial information)
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Tags: data breaches, organized crime, survey, Verizon
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