2019 DBIR Report offers data breach insight

The newly released Verizon 2019 Data Breach Investigations Report (DBIR) details current trends in data breaches and how cyber thieves are working to steal critical data, as well as those most commonly affected. The comprehensive report demonstrates that no company is too large or to small to fall victim to data breach. According to the […]

The newly released Verizon 2019 Data Breach Investigations Report (DBIR) details current trends in data breaches and how cyber thieves are working to steal critical data, as well as those most commonly affected. The comprehensive report demonstrates that no company is too large or to small to fall victim to data breach.

According to the report, C-level executives were 12 times more likely to be the target of social incidents and nine times more likely to be the target of social breaches than in years past. Security incidents and data breaches that compromised executives rose from single digits to dozens.

Other key takeaways include:

  • Where a motive is known or applicable, financial gain is the most common driver of data breaches, representing 71 percent of cases. Espionage is the motive in 25 percent of breaches.
  • Ransomware attacks are still going strong, and account for nearly 24 percent of incidents where malware was used.
  • The number of physical terminal compromises in payment card-related breaches is decreasing when compared to web application compromises.

Now in its 12th year, the DBIR is recognized as one of the security industry’s most respected sources of insight and data. DBIR is built on real-world data from 41,686 security incidents and 2,013 data breaches provided by 73 data sources, both public and private entities, spanning 86 countries worldwide.

A free copy of the report is available for download here. Read the Executive Summary here.

LEVERAGE offers cybersecurity solutions to help protect your credit union. Click here for details.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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