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.

Risk

Report: 2008 Saw More Records Breached Than The Previous Four Years Combined

Most compromises could have been avoided, Verizon study says

More electronic records were breached in 2008 than the previous four years combined, according to a report published today by Verizon Business Systems.

This second annual study -- based on data analyzed from Verizon Business' actual caseload comprising 285 million compromised records from 90 confirmed breaches -- revealed that corporations fell victim to some of the largest cybercrimes ever during 2008, the company said.

The financial sector accounted for 93 percent of all such records compromised last year, and a staggering 90 percent of these records involved groups identified by law enforcement as engaged in organized crime.

Verizon Business investigative experts found, as they did in the company's first report covering 230 million compromised records from 2004 to 2007, that nearly nine out of 10 breaches were considered avoidable if security basics had been followed. Most of the breaches investigated did not require difficult or expensive preventive controls.

Similar to the first study's findings, the latest study found that highly sophisticated attacks account for only 17 percent of breaches. However, these relatively few cases accounted for 95 percent of the total records breached -- proving that motivated hackers know where and what to target, the company says.

"The compromise of sensitive information increased dramatically in 2008, and it's past time to be vigilant about enterprise security," said Dr. Peter Tippett, vice president of research and intelligence for Verizon Business Security Solutions. "This report should serve as another wake-up call that good security and a proactive approach are paramount to running a business in this day and age -- particularly since the economic crisis is likely to trigger a further increase in criminal activity."

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message.

Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
AI Is Everywhere, but Don't Ignore the Basics
Howie Xu, Vice President of AI and Machine Learning at Zscaler,  9/10/2019
Fed Kaspersky Ban Made Permanent by New Rules
Dark Reading Staff 9/11/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-16317
PUBLISHED: 2019-09-14
In Pimcore before 5.7.1, an attacker with limited privileges can trigger execution of a .phar file via a phar:// URL in a filename parameter, because PHAR uploads are not blocked and are reachable within the phar://../../../../../../../../var/www/html/web/var/assets/ directory, a different vulnerabi...
CVE-2019-16318
PUBLISHED: 2019-09-14
In Pimcore before 5.7.1, an attacker with limited privileges can bypass file-extension restrictions via a 256-character filename, as demonstrated by the failure of automatic renaming of .php to .php.txt for long filenames, a different vulnerability than CVE-2019-10867 and CVE-2019-16317.
CVE-2019-16307
PUBLISHED: 2019-09-14
A Reflected Cross-Site Scripting (XSS) vulnerability in the webEx module in webExMeetingLogin.jsp and deleteWebExMeetingCheck.jsp in Fuji Xerox DocuShare through 7.0.0.C1.609 allows remote attackers to inject arbitrary web script or HTML via the handle parameter (webExMeetingLogin.jsp) and meetingKe...
CVE-2019-16294
PUBLISHED: 2019-09-14
SciLexer.dll in Scintilla in Notepad++ (x64) before 7.7 allows remote code execution or denial of service via Unicode characters in a crafted .ml file.
CVE-2019-16309
PUBLISHED: 2019-09-14
FlameCMS 3.3.5 has SQL injection in account/login.php via accountName.