Feeds

Data breaches blamed on organised crime

Hackers feast on financial sector security mistakes

Protecting users from Firesheep and other Sidejacking attacks with SSL

Cybercrooks continue to be a menace to corporate security, with hackers and malware authors collectibly responsible for 85 per cent of all stolen data.

The latest edition of Verizon's annual data breach report also records a rise in insider threats and greater use of social engineering.

Verizon worked with the US Secret Service to pool information and develop a more complete picture of data breaches. Information used in the 2010 Verizon Data Breach Investigations study spans six years, and more than 900 breaches involving in excess of 900 million compromised records.

Data breaches crop up in all types of industries but financial services, hospitality and retail still make up the “Big Three” of industries affected (accounting for 33 per cent, 23 per cent and 15 per cent of incidents, respectively). However, a huge majority (94 per cent) of all compromised records in 2009 were attributable to breaches at financial service firms.

Many of the breaches covered by the study involved privilege misuse. Almost half (48 per cent) of breaches were blamed on users who, for malicious purposes, abused their right to access corporate information.  An additional 40 per cent of breaches were the product of hacking.

Social engineering (for example tricking company reps into handing over sensitive data) played a role in 28 per cent of attacks.

Hackers largely feasted off hanging fruit, as in previous years. The vast majority (85 per cent) of the breaches were not considered highly difficult. Most (87 per cent) of the firm hit by breaches had evidence of data loss in their log files, yet missed it.

Verizon adds that 79 per cent of the victims involved in handling credit card transaction and therefore subject to the PCI-DSS standard hadn’t achieved compliance prior to the breach. ®

The next step in data security

More from The Register

next story
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.