The annual Verizon Data Breach Investigations Report has been extremely valuable in understanding the state of data security and breaches, and the 2014 edition released today is especially eye-opening:
- Companies of all sizes are under attack. Small companies (<1,000 employees) only have around 12% of the reported security incidents of large companies (1,000+) but have nearly twice the number of confirmed data loss incidents. This implies that it’s easier for a hacker to victimize these small companies, and will likely lead to continued increase in attacks. Small companies need the same level of cybersecurity as global enterprises do (if not more).
- Web App attacks and Cyber-Espionage are the two fastest growing drivers of data breaches. Stolen credentials and malware introduced by phishing attacks are top threat vectors for these attacks. Strong authentication mechanisms, email security and AV and required to keep your critical data safe from these attacks.
These are just two of the many insights gained from the 2014 Verizon Data Breach report. Read the full report here and speak to an internet and data security expert such as EdgeWave to build a plan to keep your company secure from cyber threats.