Cybersecurity Data Breaches on the Rise

Posted on Feb 5, 2018

A disturbing upward trend in cybersecurity data breaches has been uncovered recently by multiple industry research sources. Some noteworthy data breach statistics include:

  • A 70 percent increase in ransomware --a high impact attack vector affecting many businesses-- between 2016 and 2017, from the 2017 Verizon Data Breach Investigations Report.  
  • A 13 percent increase in data breaches  and a 164 percent increase in stolen, lost, or compromised records in the first half of 2017 when compared to  the last half of 2016, according to a recent study by Gemalto.
  • The number of breaches in the first half of 2017 exceeded the total number of breaches for all of 2016, according to statistics from the Breach Level Index.

Against this landscape, organizations are asking themselves why attackers are so successful in stealing online data.

Attackers Are Winning in spite of increasing Security Investments

There’s little doubt the dark side of the internet is winning at attacking, breaching, and exfiltrating corporate data from too many businesses. In order to combat cybercriminals organizations are investing in security. But are the investments effective?

There’s an old adage that it’s better to work smarter not harder. Unfortunately, the security mindset of many organizations is that they must work hard to build a strong perimeter defense, but this sort of defense on its own is not sufficient to protect cyber assets, in fact many would argue that with corporate assets now on premises, in the cloud, and in hybrid environments, the perimeter is dead.. Indeed a company’s weakest link may not be something in their network, but rather a deficiency in a partner or vendor company’s network.

More contemporary mindsets are beginning to think differently. Intelligent monitoring services are starting to emerge that instead of just physically closing network doors, introduce advanced learning techniques that monitor in such a way to quickly highlight easy-to-compromise security deficiencies. In some regards, they are monitoring from the perspective of a potential hacker. Using this emerging class of solutions, organizations can complement their more traditional security measures with intelligent monitoring that can enable organizations toprioritize security issues, that if left unaddressed canbe easy gateways for a successful data breach.

Gain More Visibility with Cybersecurity Vendor Risk Management Solutions

Security ratings services, also known as ecosystem risk management solutions, including SecurityScorecard, can provide active cyberhealth monitoring to help organizations begin a path towards working smarter when building a security program. Using an effective ecosystem risk management  solution, businesses can measure overall cyber health for themselves and for an ecosystem of companies of interest (e.g., vendors, partners, a partner’s partners, and M&A targets). Using signals collected across the entire IPV4 spectrum, SecurityScorecard applies advanced machine learning techniques that turns millions of security data inputs into a prioritized list of security risk factors and issues of concern. The need for working hard when it comes to cybersecurity isn’t going away anytime soon, but it doesn’t mean companies shouldn’t look to intelligent ecosystem risk management solutions like SecurityScorecard to understand and address critical cyber deficiencies and to minimize the risk of becoming a breach statistic in the future.  

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