What Can We Learn From Verizon The Data Breach Investigations Report?

What Can We Learn From Verizon The Data Breach Investigations Report?

By Chris Brunau

It’s hard to look anywhere these days without seeing something about cybersecurity. Whether it’s the newest form of ransomware, a data breach, or a password hack; it’s everywhere.

So, we decided to take a look at the 2016 Data Breach Investigations Report by Verizon. The report compiles useful statistics on all things cybersecurity. Here are some of the major takeaways:

  • No one is immune to cybersecurity threats: Regardless of location or industry, you are vulnerable to these attacks. The report features incidents affecting organizations in 82 countries 20+ industries. Some of the most-affected sectors include Public (47,237), Entertainment (2,707), Finance (1,368), and Information (1,028).
  • Cash rules everything: As you can probably guess, the overwhelming factor behind these threats is money. Over 75 percent of attacks in 2015 were solely for money, with roughly 10 percent for espionage.
  • ‘Password’ is not a good password: According to the report, 63 percent of data breaches involved weak, default or stolen passwords. When looking at the top threat action varieties, hacking through the use of stolen credentials is the main culprit followed by malware.
  • Beware Shadow IT: In 2015, there were 10,489 total incidents of unapproved or misused organizational resources across the public, healthcare, and finance industries. The solution? Keep a close eye on sensitive information and who has access to it.
  • Hackers are acting fast: Attackers are incredibly quick at infecting their victims, and they’re only improving. Phishing scams go to work within seconds and malware spreads before you even realize what’s happening.
  • Preparation is key: A combination of email filters, antivirus software, and training can prevent attacks—keep vigilant and look out anything suspicious.

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