86% of data breaches are conducted for financial gain

86% of data breaches are conducted for financial gain

Posted May 18, 2020

86% of data breaches are conducted for financial gain

  • Verizon released its 2020 Data Breach Investigations report on Tuesday, outlining the biggest cybersecurity threats hitting the enterprise and providing tips on how to handle the risks. The majority (86%) of data breaches are for financial gain—up from 71% in 2019.
  • The majority of breaches (70%), however, are caused by external actors, with organized crime accounting for more than half (55%) of them. Credential theft and social attacks including phishing and business email compromises caused more than 67% of breaches.

TechRepublic – Macy Bayern | May 18, 2020