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Report Marks 2013 Top Year for Cyber Crime

by: Bryon Turcotte  /  April 23, 2014

According to an article published on the Re/Code website, Verizon is scheduled to release a report that outlines findings showing 2013 to be a historic year for cybercrime, according to an article published on the Re/Code website. Between the monumental attack unleashed against Target, which compromised "_the credit and debit card numbers of some 40 million consumers_" and those against Twitter, Facebook, and others, the article notes that 2013 was a time when computer security incidents became a "_mainstream_" concern of the public.

The telecom firm's "_Data Breach Investigations Report_" shows that "_nearly all of the 1,300-plus data breaches confirmed last year were carried out using only nine basic attack patterns_" but also highlights in the same data stream that "_the number of overall attacks is on the rise_" –  which is probably not a big surprise. The Verizon report (which contains more data to analyze than any other report of its kind) outlines "_data on attacks from 50 companies and organizations, covering more than 63,000 computer security incidents and 1,347 confirmed breaches in 95 countries_", according to the article. The article states that "_72 percent of all attacks_" were executed by implementing "_one of three methods_" which can change according to the targeted industry.

The article states that when analysts examine the "financial industry_" they find that  "_75 percent of attacks involved hacking Web applications, launching distributed denial of service (DDoS) attacks, or card skimming_", when a cybercriminal "_obtains a scan of a credit or debit card to use it to commit fraud\. " Surprisingly, according to the_ article, 2013's data showed that "_financial motivations_" for attacks were in the decline while "_attempts to steal intellectual property_" were on the increase. Jay Jacobs, a Verizon analyst who co-authored the firm's report, was quoted in the article to say, "_It's not all about money anymore but who has the intellectual property."

Read more in the full article about what types of data were compromised most frequently and in what environments these attacks occurred, making 2013 a historic year.

Written by Bryon Turcotte  /  April 23, 2014