{"id":4248,"date":"2020-05-19T12:37:27","date_gmt":"2020-05-19T16:37:27","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=4248"},"modified":"2020-05-19T12:37:27","modified_gmt":"2020-05-19T16:37:27","slug":"key-findings-the-verizon-business-2020-data-breach-investigations-report","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/key-findings-the-verizon-business-2020-data-breach-investigations-report\/","title":{"rendered":"Key Findings: The Verizon Business 2020 Data Breach Investigations Report"},"content":{"rendered":"<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3953\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod.jpg\" alt=\"Key Findings: The Verizon Business 2020 Data Breach Investigations Report\" width=\"800\" height=\"415\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod-300x156.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod-768x398.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod-520x270.jpg 520w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod-156x81.jpg 156w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/06\/World-Password-Day-mod-347x180.jpg 347w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Verizon today released the \u201c<a href=\"https:\/\/enterprise.verizon.com\/resources\/reports\/dbir\/?CMP=OOH_SMB_OTH_22222_MC_20200501_NA_NM20200079_00001\" target=\"_blank\" rel=\"noopener noreferrer\">Verizon Business 2020 Data Breach Investigations Report<\/a>.\u201d This annual report details the current <a href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">cybersecurity<\/a> threat landscape faced by enterprises today. In fact, Verizon positions its 2020 Data Breach Investigations Report as a tool for keeping IT security teams informed. In the report, Verizon analyzed a total of 157,525 incidents; of those, 32,002 met their quality standards, and researchers confirmed 3,950 as data breaches.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The Verizon Business 2020 Data Breach Investigations Report found that external actors caused the majority of breaches (70 percent). This disputes a commonly held myth that internal actors cause the majority of breaches; the truth may lie in increased reporting of internal actors coloring the perception of IT security members.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Other key findings from the Verizon Business 2020 Data Breach Investigation Report include:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">45 percent of breaches featured hacking.\u00a0<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">22 percent of breaches began with internal errors.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">17 percent involved malware.\u00a0<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">Organized criminal groups initiated 55 percent of breaches.\u00a0<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">30 percent involved internal actors.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">72 percent of breaches involved large businesses.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-weight: 400\">Critically, 86 percent of breaches were financially motivated.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Tami Erwin, CEO of Verizon Business, released a statement. &#8220;As remote working surges in the face of the global pandemic, end-to-end security from the cloud to employee laptop becomes paramount. In addition to protecting their systems from attack, we urge all businesses to continue employee education as phishing schemes become increasingly sophisticated and malicious.&#8221;<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n<h2 style=\"text-align: justify\"><b>Cybersecurity Experts On the Verizon Business 2020 Data Breach Investigations Report\u00a0<\/b><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Several cybersecurity experts commented on the release of this critical cybersecurity report. Here are a few of their responses:\u00a0<\/span><\/p>\n<h3 style=\"text-align: justify\"><b>Chris Rothe<\/b><\/h3>\n<p style=\"text-align: justify\"><i><span style=\"font-weight: 400\">Chris Rothe is Co-Founder and Chief Product Officer at <\/span><\/i><a href=\"https:\/\/www.redcanary.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i>Red Canary<\/i><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">\u201cOne trend that we see continuing in this report is the decline in the use of malware in breaches. It is down to 17 percent this year from 28 percent last year. Attackers continue to adapt to a world where defenders have made it more difficult to use malicious binaries through living off the land techniques. This is why the need for behavior-based detection and great security operations are paramount for defending against modern attacks.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Not surprisingly, phishing was involved in nearly one-quarter of breaches. In our work, we find phishing as the most prevalent delivery mechanism by far. Phishing is a great example of something that cannot be fully prevented. Because email is a critical business function, it has to be optimized for its business function and not security in most cases. There are many strategies IT teams can use to reduce the number of successful phishing attackers (email blocking, stripping and analyzing attachments, awareness training, etc.). But there is no 100 percent solution.\u201d<\/span><\/p>\n<h3 style=\"text-align: justify\"><b>Mark Bower<\/b><\/h3>\n<p style=\"text-align: justify\"><i><span style=\"font-weight: 400\">Mark Bower is Senior Vice President at<\/span><\/i><a href=\"https:\/\/www.comforte.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"> <i><span style=\"font-weight: 400\">comforte AG<\/span><\/i><\/a><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">\u201cThe report shows the Great Digital Train Robbery is alive and well. External, multi-faceted, and industrialized hacking continues to pepper large enterprises at 72 percent of overall victims. It\u2019s no surprise that web application patterns, around 45 percent of attacks, expose technology services firms, retail, financial and insurance services, and professional services most to compromise. They are the highest aggregators of highly sensitive data with substantial third-party data sharing risk. Personal data theft is trending up, now 49 percent of retail breaches, overtaking payment data at 47 percent putting privacy regulation risk high on the compliance agenda. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">70 percent of breaches were from external actors, insiders 30 percent, and human left doors open in 22 percent of cases. In a world quickly moving to post-COVID-19 cloud IT, now 24 percent of investigated breaches, enterprises have no choice but to modernize data security strategies to neutralize data from attack or become a victim.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The numbers don\u2019t lie &#8211;\u00a0 the barrier between attackers and valuable sensitive data can be broken, enabling rapid data theft and abuse unless the real data has no value in the attacker\u2019s hands. Industries that progressively shielded data with contemporary security measures like data tokenization and encryption showed a strong decline in breach impact (POS attack incidents trended close to zero), but attackers followed the path of least resistance \u2013 to online compromise opportunities \u2013 now 50 percent of retail breaches.\u201d\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><b>How to Learn More<\/b><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">You can download the <\/span><a href=\"https:\/\/enterprise.verizon.com\/resources\/reports\/dbir\/?CMP=OOH_SMB_OTH_22222_MC_20200501_NA_NM20200079_00001\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Verizon Business 2020 Data Breach Investigations Report<\/span><\/a><span style=\"font-weight: 400\"> here. You can learn more about Endpoint Security in our <a href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer\u2019s Guide<\/a>.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Verizon today released the \u201cVerizon Business 2020 Data Breach Investigations Report.\u201d This annual report details the current cybersecurity threat landscape faced by enterprises today. In fact, Verizon positions its 2020 Data Breach Investigations Report as a tool for keeping IT security teams informed. In the report, Verizon analyzed a total of 157,525 incidents; of those, [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":3953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,335],"tags":[1117,1220,31,75,22,13,40,161,84,983,1218,1219],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key Findings: Verizon Business 2020 Data Breach Investigations Report<\/title>\n<meta name=\"description\" content=\"Verizon today released the \u201cVerizon Business 2020 Data Breach Investigations Report.\u201d Take a look at its key findings and expert commentary.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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