News Feed Item

Verizon 2014 Data Breach Investigations Report Identifies More Focused, Effective Way to Fight Cyberthreats

Report Finds Nine Basic Patterns Make Up 92 Percent of Security Incidents; No Organization Is Immune From a Data Breach

NEW YORK, April 23, 2014 /PRNewswire/ -- Verizon security researchers, using advanced analytical techniques, have found that 92 percent of the 100,000 security incidents analyzed over the past ten years can be traced to nine basic attack patterns that vary from industry to industry. This finding, the highlight of Verizon's "2014 Data Breach Investigations Report," will enable a more focused and effective approach to fighting cyberthreats.

"After analyzing 10 years of data, we realize most organizations cannot keep up with cybercrime – and the bad guys are winning," said Wade Baker, principal author of the Data Breach Investigations Report series. "But by applying big data analytics to security risk management, we can begin to bend the curve and combat cybercrime more effectively and strategically.

"Organizations need to realize no one is immune from a data breach. Compounding this issue is the fact that it is taking longer to identify compromises within an organization – often weeks or months, while penetrating an organization can take minutes or hours," Baker said.

The DBIR identifies the nine threat patterns as: miscellaneous errors such as sending an email to the wrong person; crimeware (various malware aimed at gaining control of systems); insider/privilege misuse; physical theft/loss; Web app attacks; denial of service attacks; cyberespionage; point-of-sale intrusions; and payment card skimmers.  

This year's report found that on average, just three threat patterns cover 72 percent of the security incidents in any industry.

For example, in the financial services sector, 75 percent of the incidents come from Web application attacks, distributed denial of service (DDoS) and card skimming, while 54 percent of all manufacturing attacks are attributed to cyberespionage and DDoS. In the retail sector, the majority of attacks are tied to DDoS (33 percent) followed by point-of-sale intrusions (31 percent).

2014 Data Breach Investigations Report Offers New Insights into Cybercrime

Other key findings in the report include:  

  • Cyberespionage is up again in the 2014 report, representing a more than three-fold increase compared with the 2013 report, with 511 incidents. (This is partially due to a bigger dataset.) In addition, these attacks were found to be the most complex and diverse, with a long list of threat patterns. As it did last year, China still leads as the site of the most cyberespionage activity; but the other regions of the world are represented, including Eastern Europe with more than 20 percent.
  • For the first time, the report examines distributed denial of service attacks, which are attacks intended to compromise the availability of networks and systems so that, for example, a website is rendered useless. They are common to the financial services, retail, professional, information and public sector industries. The report points out that DDoS attacks have grown stronger year-over-year for the past three years. 
  • The use of stolen and/or misused credentials (user name/passwords) continues to be the No. 1 way to gain access to information. Two out of three breaches exploit weak or stolen passwords, making a case for strong two-factor authentication.
  • Retail point-of-sale (POS) attacks continue to trend downward, exhibiting the same trend since 2011. Industries commonly hit by POS intrusions are restaurants, hotels, grocery stores and other brick-and-mortar retailers, where intruders attempt to capture payment card data. While POS breaches have been in the headlines lately, they are not indicative of the actual picture of cybercrime.
  • While external attacks still outweigh insider attacks, insider attacks are up, especially with regard to stolen intellectual property. The report points out that 85 percent of insider and privilege-abuse attacks used the corporate LAN, and 22 percent took advantage of physical access.

(NOTE:  Additional resources supporting the "2014 Data Breach Investigations Report" are available, including high-resolution charts. B-roll available upon request.)

Now in its seventh year of publication, the 2014 data breach report analyzes more than 1,300 confirmed data breaches as well as more than 63,000 reported security incidents. For the first time, the DBIR includes security incidents that don't result in breaches, in order to gain a better understanding of the cybersecurity landscape. Over the entire 10-year range of this study, the tally of data breaches now exceeds 5,900. Verizon is among 50 organizations from around the world that contributed data and analysis to this year's report. 

"This year's report offers unparalleled perspective into the world of cybercrime, based on big data analysis," said Eddie Schwartz, vice president of global cybersecurity and consulting solutions at Verizon Enterprise Solutions. "The 2014 DBIR will advance how we approach cyberthreats as an industry and through our intelligence-gathering enable enterprise organizations to more strategically determine their best defense."

Download the Report

The 2014 report can be downloaded in full at:  http://www.verizonenterprise.com/DBIR/2014/.

Verizon Delivers Unparalleled Managed Security Services

Verizon is a leader in delivering global managed security solutions to enterprises in the financial services, retail, government, technology, healthcare, manufacturing, energy and transportations sectors. Verizon combines powerful intelligence and analytics with an expansive breadth of professional and managed services, including customizable advanced security operations and managed threat protection services, next-generation commercial technology monitoring and analytics, rapid incident response and forensics investigations and identity management. Verizon brings the strength and expert knowledge of more than 550 consultants across the globe to proactively reduce security threats and lower information risks to organizations. 

For more information, visit us at http://www.verizonenterprise.com/solutions/security/.

For ongoing security insight and analysis from some of the world's most distinguished security researchers, read the Verizon Security Blog.

Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward.  With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic networking and advanced communications platforms, Verizon Enterprise Solutions helps open new opportunities around the world for innovation, investment and business transformation.  Visit www.verizonenterprise.com to learn more.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 103 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverse workforce of 176,800. For more information, visit www.verizon.com.

Verizon Enterprise Solutions Online News Center: News releases, blog posts, media contacts and other information are available in Verizon Enterprise Solutions' online News Center at http://www.verizonenterprise.com/about/news. News from Verizon Enterprise Solutions is also available through an RSS feed at http://www.verizonenterprise.com/rss-options/.

SOURCE Verizon

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...