TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Security

Security

Ransomware threat rises: Verizon 2022 Data Breach Investigations Report

Via Verizon

May 24, 2022

What you need to know:

  • The 2022 DBIR - marking its 15 year anniversary - analyzed 23,896 security incidents, of which 5,212 were confirmed breaches

  • Year over year ransomware attacks increased by 13 percent, a jump greater than the past 5 years combined

  • Roughly 4 in 5 breaches can be attributed to organized crime, with external actors approximately 4 times more likely to cause breaches in an organization than internal actors

  • Human element involved in 82 percent of all breaches analyzed over the past year

BASKING RIDGE, N.J. - The Verizon Business 2022 Data Breach Investigations Report (2022 DBIR) examines an unprecedented year in cybersecurity history, and sheds light on some of the leading issues affecting the international cybersecurity landscape. 

Of particular concern is the alarming rise in ransomware breaches, which increased by 13 percent in a single year - representing a jump greater than the past 5 years combined. As criminals look to leverage increasingly sophisticated forms of malware, it is ransomware that continues to prove particularly successful in exploiting and monetizing illegal access to private information.

Organized crime also continues to be a pervasive force in the world of cybersecurity. Roughly 4 in 5 breaches can be attributed to organized crime - with external actors approximately 4 times more likely to cause breaches in an organization than internal actors.

Heightened geopolitical tensions are also driving increased sophistication, visibility, and awareness around nation-state affiliated cyber attacks.

“Over the past few years, the pandemic has exposed a number of critical issues that businesses have been forced to navigate in real-time. But nowhere is the need to adapt more compelling than in the world of cybersecurity,” said Hans Vestberg, CEO and Chairman, Verizon. “As we continue to accelerate toward an increasingly digitized world, effective technological solutions, strong security frameworks, and an increased focus on education will all play their part in ensuring that businesses remain secure, and customers protected.”

For many businesses, the past year has also been dominated by supply chain issues, and this trend was also reflected across the cybersecurity landscape. 62 percent of System Intrusion incidents came through an organization’s partner. Compromising the right partner is a force multiplier for cybercriminals, and highlights the difficulties that many organizations face in securing their supply chain.

In a finding that exposes the cost of human influence, people remain - by far - the weakest link in an organizations’ cybersecurity defenses. 25 percent of total breaches in the 2022 report were the result of social engineering attacks, and when you add human errors and misuse of privilege, the human element accounts for 82 percent of analyzed breaches over the past year.

Dave Hylender, Lead Author of the DBIR, comments, “Entering its 15th year, Verizon’s Data Breach Investigations Report remains the leading authority on assessing the many cybersecurity threats that organizations continue to face. And while the report has evolved, the fundamentals of security remain the same. Assess your exposure, mitigate your risk, and take appropriate action. As is often the case, getting the basics right is the single most important factor in determining success.”

Related Topics
  • Enterprise,
  • Global,
  • North America,
  • Security,
  • Telco & CSP,
  • Tracker,
  • Verizon

More Like This

The Great Telco Debate

The Great Telco Debate 2022 highlights

Feb 3, 2023

Security

BT Group to recruit more than 400 apprentices and graduates

Jan 27, 2023

Security

EE secures latest partnership on its mission to eradicate scam calls

Jan 26, 2023

Security

Quantum computing will move into a different phase this year

Jan 25, 2023

Access Evolution

What’s up with… Cellnex, Rakuten Mobile, Reliance Jio

Jan 23, 2023

This content extract was originally sourced from an external website (Verizon) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).