Verizon releases security incident report

cyber-security-1805246_960_720Ajit Pai, believed by many to be a Verizon shill, may have attempted to kill net neutrality earlier this year, but that has not stopped Verizon from releasing its report on data breaches. The 2018 report stated that over 76% of all IT-security breaches are motivated by money, according to Forbes Magazine.

The report, which is available online, showed a total of over 53,000 incident and over 2,000 data breeches. Databases, vast storehouses of information, were the most commonly targeted asset. The time period covered by the report includes the Equifax breach. Equifax’s breach occurred because the company had an MS-SQL database servers login name and password both set to admin. Standard cyber security practices require database and system administrators to change the default passwords set up by such systems.

International espionage hacks, despite being high profile news, made up a rather small percentage of the overall attacks. More hackers engaged in corporate espionage than in international espionage. Systems administrators carried out most of the attacks, and it took several months for companies to discover that these attacks occurred.

Verizon researchers found certain industries are more likely to be attacked than others. Health care, Public administration, and retail are the most likely industries to be targeted. News of retailer data breaches occurred every though month throughout 2017. Most of these breeches took months to detect.

Security analysts believe the number of breaches reported does not represent the number of breaches that occurred. Companies and systems administrators often keep such events private. Corporations fear the damage to their public perception that occurs when the news gets out. Systems administrators and security specialists worry about losing their jobs. Major data breeches, such as the one that exposed millions of credit records in 2017, can force the person responsible to quickly generate their resume.
No one can stop all data breaches, and newly minted hackers, also known as script kiddies, often do not cause damage to major systems.

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