Over the past 12 months, the COVID-19 pandemic has created the perfect environment for cybercrime to flourish, according to Verizon's 2021 Data Breach Investigations Report. The report analyzed 29,207 quality incidents, of which 5,258 were confirmed breaches. With large numbers of people working remotely, phishing attacks increased by 11 percent, while attacks using ransomware rose by six percent. Breach data shows that 61 percent involved credential data (95 percent of organizations suffering credential stuffing attacks had between 637 and 3.3 billion malicious login attempts through the year). 85 percent of breaches involved a human element, while over 80 percent of… [Continue Reading]
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