news.cuna.org/articles/'Old-school'_cyberattacks_still_successful:_Verizon_report

'Old-school' cyberattacks still successful: Verizon report

April 15, 2015
NEW YORK (4/16/15)--Cybercriminals may be more sophisticated, but they continue to use tried-and-true methods of cyberattacks to great success, according to Verizon's annual Data Breach Investigations Report, released this week.

The report, drawing data from nearly 80,000 security incidents over 2014, found that even decades-old techniques, such as phishing and hacking, continue to dog businesses and organizations nationwide.

A large majority of cyberattacks, roughly 70%, used a combination of these dated methods of attack, according to the report.

Part of the problem, the report's authors say, is that organizations are either not vigilant enough about their data security, or they have failed to use security measures that have long been available.

Many of the vulnerabilities found in the incidents analyzed could have been prevented by technology invented nearly eight years ago.

"We continue to see sizable gaps in how organizations defend themselves," said Mike Denning, vice president of global security for Verizon Enterprise Solutions. "While there is no guarantee against being breached, organizations can greatly manage their risk by become more vigilant in covering their bases."

This year's report also investigates mobile security for the first time, in addition to Internet of Things technologies and the financial impacts of breaches.

Generally, the report found, mobile threats aren't yet statistically significant, as only 0.03% of mobile devices have been hit by malicious exploits (American Banker April 14).