Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

4/14/2009
07:59 PM
Connect Directly
LinkedIn
Twitter
RSS
E-Mail
50%
50%

More Data Breached In 2008 Than In Previous Four Years Combined

Surprisingly, 99% of breached records were accessed through servers and applications, rather than desktop computers, notebooks, mobile phones, or portable media.

More electronic records were exposed in 2008 than in the previous four years combined and most of those breaches -- nine out of 10 -- could have been easily avoided with basic preventative controls consistently applied.

In its 2009 Verizon Business Data Breach Investigations Report, Verizon Business Security Solutions analyzed 90 confirmed breaches that occurred in 2008, affecting 285 million compromised records. The company's previous data breach report covered from 2004 through 2007, a period that saw 230 million compromised records.

About a third of the breaches in Verizon Business' caseload have been publicly disclosed, and additional disclosures are expected before the end of the year. But many breaches will remain unreported because of the absence of any applicable disclosure requirement.

Among the report's findings: 91% of all compromised records were linked to organized criminal groups; customized malware attacks doubled; and the most common attack vectors were default credentials and SQL injection.

In a statement, Peter Tippett, VP of research and intelligence for Verizon Business Security Solutions, described the report as a wake-up call. Businesses need strong security and a proactive approach, he said, particularly because the economic crisis is likely to spur even greater criminal activity.

The good news is that the market for personal data has collapsed.

"Massive exposures of magnetic stripe data in recent years (hundreds of millions in our caseload alone) have effectively flooded the information black market, saturating it with 'dumps,' or credit card magnetic stripe sequences sufficient for counterfeit," according to the report. "This market saturation has driven the price down to a point where magnetic-stripe information is close to worthless. The value associated with selling stolen credit card data have dropped from between $10 and $16 per record in mid-2007 to less than $0.50 per record today."

The bad news is that cybercriminals have focused on stealing personal identification numbers in conjunction with associated bank account information, which allows cash to be stolen from victims' accounts.

This explains why 93% of the 285 million compromised records in 2008 came from financial institutions. The report notes that this is partly due to the sheer size of some of the breaches at financial institutions in 2008. It doesn't state, however, whether the massive 2008 breach reported by Heartland Data Systems is one of those investigated by Verizon.

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
7 Tips for Choosing Security Metrics That Matter
Ericka Chickowski, Contributing Writer,  10/19/2020
IoT Vulnerability Disclosure Platform Launched
Dark Reading Staff 10/19/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-15270
PUBLISHED: 2020-10-22
Parse Server (npm package parse-server) broadcasts events to all clients without checking if the session token is valid. This allows clients with expired sessions to still receive subscription objects. It is not possible to create subscription objects with invalid session tokens. The issue is not pa...
CVE-2018-21266
PUBLISHED: 2020-10-22
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: none. Reason: This candidate was withdrawn by its CNA. Notes: none.
CVE-2018-21267
PUBLISHED: 2020-10-22
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: none. Reason: This candidate was withdrawn by its CNA. Notes: none.
CVE-2020-27673
PUBLISHED: 2020-10-22
An issue was discovered in the Linux kernel through 5.9.1, as used with Xen through 4.14.x. Guest OS users can cause a denial of service (host OS hang) via a high rate of events to dom0, aka CID-e99502f76271.
CVE-2020-27674
PUBLISHED: 2020-10-22
An issue was discovered in Xen through 4.14.x allowing x86 PV guest OS users to gain guest OS privileges by modifying kernel memory contents, because invalidation of TLB entries is mishandled during use of an INVLPG-like attack technique.