“Web applications are a growing focus point for cyber criminals. Motivated by financial outcomes, they understand the value of the information exchanged and stored in web applications. The 2020 Verizon Data Breach Investigations Report (DBIR) confirms that this is the case: 43% of data breaches are tied to web application vulnerabilities—which more than doubled year over year. Legacy, outside-in DevOps security is failing, and a new approach is needed that takes an inside-out approach.”
Money still makes the cyber-crime world go round - Verizon Business 2020 Data Breach Investigations Report is live
Hacking, phishing and attacks on cloud-based data put strong focus on security for remote-working
NEW YORK, May 19, May 19, 2020 (GLOBE NEWSWIRE via COMTEX) — What you need to know:
86 percent of data breaches for financial gain - up from 71 percent in 2019Cloud-based data under attack - web application attacks double to 43 percent67 percent of breaches caused by credential theft, errors and social attacksClearly identified cyber-breach pathways enable a "Defender Advantage" in the fight against cyber-crimeOn-going patching successful - fewer than 1 in 20 breaches exploit vulnerabilitiesReport analyzes 32,002 security incidents and 3,950 confirmed breaches from 81 global contributors from 81 countries
The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows that financial gain remains the key driver for cybercrime with nearly nine in 10 (86 percent) breaches investigated financially-driven. The vast majority of breaches continue to be caused by external actors - 70 percent - with organized crime accounting for 55 percent of these. Credential theft and social attacks such as phishing and business email compromises cause the majority of breaches (over 67 percent), and specifically:
37 percent of credential theft breaches used stolen or weak credentials,25 percent involved phishingHuman error accounted for 22 percent as well.
The 2020 DBIR also highlighted a year-over-year two-fold increase in web application breaches, to 43 percent, ..
Support the originator by clicking the read the rest link below.
