Trends in Cyber Crime: A Look at the First Half of 2014

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
Next Trends in Cyber Crime: A Look at the First Half of 2014-2 Next

Consumer Goods

  • Who (actor): Identity unknown (76 percent)
  • Targeted (target): Customers/clients (43 percent)
  • What happened (effect): Data stolen/leaked (53 percent)
  • How they did it (practice): Unauthorized access (51 percent)

The headlines this year have been dominated by mega breaches that have affected huge percentages of the population, a trend that’s carried over from 2013, which saw large breaches at the NSA and Adobe, among others. During the first half of 2014, consumer goods had 374 distinct industry targets yet one of those, Target stores, impacted a third of all U.S. adults and therefore was the most discussed. A breach at Michaels stores affected 2.6 million cardsÍž another 400,000 were compromised at its subsidiary Aaron Brothers.

While security pros need clear insight into their organizations vulnerabilities, internal analysis alone is not enough. Outward examination - such as who is attacking other members of your business sector with what kind of attack and how it is impacting them - is a critical component of an effective cybersecurity approach. Unfortunately, oftentimes, we spend too much time looking at only a small piece of the puzzle.

A new report recently published by SurfWatch Labs, "Trends in Cybercrime: A Social Look at the First Half 2014," aggregates and standardizes cyber crime-related data from the first six months of the year into cyber business intelligence that provides some interesting insights. The standardized cyber data, known as CyberFacts, provide instant understanding of who (Actor) did what to whom (Target), what happened (Effect), and how they did it (Practice). By harnessing the collective power of all this information that exists outside an organization’s walls – from security researcher and infosec blogger discussions to news outlets, social media, vulnerability and security data feeds and more – it’s possible to extrapolate cybersecurity trends across various industries.

Here’s a top-line look at what SurfWatch Labs found in the first half of 2014 for the six most active industries.

Jason Polancich, founder and chief architect, SurfWatch Labs, is a serial entrepreneur focused on solving complex Internet security and cyber-defense problems, with more than 20 years of experience as an intelligence analyst, software engineer, systems architect and corporate executive. Prior to founding SurfWatch Labs, Mr. Polancich co-founded Novii Design, which assisted the U.S. intelligence community and Department of Defense in building some of the largest data warehouse and analysis systems ever put into operation within the government and defense contracting sectors.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
More Slideshows

BitSightRansomware0x Ransomware: The Rising Face of Cybercrime

Ransomware is a legitimate threat, with estimates from the U.S. Department of Justice showing that over 4,000 of these attacks have occurred every day since the beginning of the year. ...  More >>

Security121-190x128 5 Ways CFOs Can Implement an Effective Cybersecurity Strategy

While cybersecurity concerns are widespread, finance remains one of the most vulnerable areas for malicious attacks. ...  More >>

infra100-190x128 Top 10 Strategic Technology Trends for 2017

Here are the top 10 strategic technology trends that will impact most organizations in 2017. Strategic technology trends are defined as those with substantial disruptive potential or those reaching the tipping point over the next five years. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.