Feeds

Data breaches blamed on organised crime

Hackers feast on financial sector security mistakes

Next gen security for virtualised datacentres

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 essential guide to IT transformation

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.