|12 Apr 2014||#1|
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Breaches expose 552 million identities in 2013
After lurking in the shadows for the first ten months of 2013, cybercriminals unleashed the most damaging series of cyberattacks in history. Symantec’s Internet Security Threat Report (ISTR), Volume 19, shows a significant shift in cybercriminal behavior, revealing the bad guys are plotting for months before pulling off huge heists – instead of executing quick hits with smaller rewards.
“One mega breach can be worth 50 smaller attacks,” said Kevin Haley, director, Symantec Security Response. “While the level of sophistication continues to grow among attackers, what was surprising last year was their willingness to be a lot more patient – waiting to strike until the reward is bigger and better.”
In 2013, there was a 62 percent increase in the number of data breaches from the previous year, resulting in more than 552 million identities exposed – proving cybercrime remains a real and damaging threat to consumers and businesses alike.
“Security incidents, managed well, can actually enhance customer perceptions of a company; managed poorly, they can be devastating,” wrote Ed Ferrara, VP and principal analyst, Forrester Research. “If customers lose trust in a company because of the way the business handles personal data and privacy, they will easily take their business elsewhere.”
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