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.

Threat Intelligence

3/12/2019
01:00 PM
50%
50%

Cybercriminals Think Small to Earn Big

As the number of breaches increased 424% in 2018, the average breach size shrunk 4.7 times as attackers aimed for smaller, more vulnerable targets.

There were 12,449 new, authentic breaches and leaks in 2018, an increase of 424% from the year prior. But the average breach size was 216,884 records – 4.7 times smaller than in 2017.

The data comes from 4iQ's "2019 Identity Breach Report," which analyzed breaches throughout 2018 and found cybercriminals are using more sophisticated tools and against poorly secured businesses. In 2018, the EU's General Data Protection Regulation (GDPR) heightened security awareness around the world. Major corporations have reviewed their data collection policies and installed systems to protect themselves from attacks and noncompliance penalties.

Small and midsize businesses can't afford to take the same measures, as they have little to no security budgets and lack skills they need to defend against cybercrime. Large companies have historically been prime breach targets, but hackers are learning they can build stores of identity attributes (email addresses, passwords, passport numbers, etc.) from small businesses.

Researchers report 14.9 billion raw identity records circulated the Web in 2018, an increase from the 8.7 billion in 2017. Researchers say that underscores the growing use of identity data for account takeover, business email compromise, and other criminal activity. Government agencies proved the largest growing exposed sector in 2018, increasing 291% from 2017.

Read more details here.

 

 

Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry's most knowledgeable IT security experts. Check out the Interop agenda here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/13/2019 | 2:51:36 PM
Low Spend-Hit the Nail on the Head
This line summarizes why perfectly:

"Small and midsize businesses can't afford to take the same measures, as they have little to no security budgets and lack skills they need to defend against cybercrime"

Security being a cost saving mechanism and not a revenue producing mechanism it can sometimes be hard to justify the spend. Unfortunately, when the small to midsize company gets burnt by the stove (breach) the rationale is all too apparent, its just too late.
COVID-19: Latest Security News & Commentary
Dark Reading Staff 6/5/2020
How AI and Automation Can Help Bridge the Cybersecurity Talent Gap
Peter Barker, Chief Product Officer at ForgeRock,  6/1/2020
Cybersecurity Spending Hits 'Temporary Pause' Amid Pandemic
Kelly Jackson Higgins, Executive Editor at Dark Reading,  6/2/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: What? IT said I needed virus protection!
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-13881
PUBLISHED: 2020-06-06
In support.c in pam_tacplus 1.3.8 through 1.5.1, the TACACS+ shared secret gets logged via syslog if the DEBUG loglevel and journald are used.
CVE-2020-13883
PUBLISHED: 2020-06-06
In WSO2 API Manager 3.0.0 and earlier, WSO2 API Microgateway 2.2.0, and WSO2 IS as Key Manager 5.9.0 and earlier, Management Console allows XXE during addition or update of a Lifecycle.
CVE-2020-13871
PUBLISHED: 2020-06-06
SQLite 3.32.2 has a use-after-free in resetAccumulator in select.c because the parse tree rewrite for window functions is too late.
CVE-2020-13864
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from a stored XSS vulnerability. An author user can create posts that result in a stored XSS by using a crafted payload in custom links.
CVE-2020-13865
PUBLISHED: 2020-06-05
The Elementor Page Builder plugin before 2.9.9 for WordPress suffers from multiple stored XSS vulnerabilities. An author user can create posts that result in stored XSS vulnerabilities, by using a crafted link in the custom URL or by applying custom attributes.