Often the topic of spy novels and movies, Cyber-Espionage is very real and a constant threat for many industries and governments. Stealing industry and government secrets is highly lucrative and its perpetrators technically advanced, patient and determined. For years the world of cyber espionage has remained hidden – until now.
Based on the analyst of the Verizon Business Data Breach Investigations Report (DBIR) series, experts from the Verizon Threat Research Advisory Center (VTRAC) have collated the Verizon Cyber-Espionage Report (CER). The new report analyzes seven years (2014 to 2020) of DBIR content and focuses on the unique nature of Cyber-Espionage, from the perpetrators and the actions they take to the specific capabilities cybersecurity teams need to detect and defend against cyberspies.
The facts — so what do we know?
When we look at the most widespread types of breaches within the 2014-2020 DBIR timeframe those driven by Financial motivations are higher (between 67-86 percent) and those by Cyber-Espionage are comparatively lower (between 10-26 percent).
However do not be fooled into thinking that this lower percentage makes Cyber-Espionage breaches less important; the stealth like nature of these attacks makes them more intrusive and hard-hitting. Whereas financial motivated breaches are more likely to be discovered due to the loss of money involved and also reported as a result of regulatory policies, the types of data stolen in Cyber-Espionage breaches ranks as some of the most important in terms of secrecy, sensitivity and business critical. With this in mind, it is a motive that should not be ignored.
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