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Security: Number of Data Breaches Soar while Businesses Increasingly Hide Losses
The recent Symantec “Internet Security Threat Report” provides a disturbing overview of security threat trends. The number of zer0-day threats is rising rapidly and today’s hackers are more increasingly sophisticated.
The report estimates that more than half a billion records were compromised in 2015. The number of zero-day vulnerabilities doubled in 2015 and the number of mega-breaches, breaches where more than 10 million records are lost, hit a new high too.
Kevin Haley, director, Symantec Security Response, said that “advanced criminal attack groups now echo the skill sets of nation-state attackers. They have extensive resources and a highly-skilled technical staff that operate with such efficiency that they maintain normal business hours and even take the weekends and holidays off. We are even seeing low-level criminal attackers create call center operations to increase the impact of their scams.”
To make matters worse, the Symantec report found that increasingly data breaches are being hidden by businesses. “In 2015, more and more companies chose not to reveal the full extent of the breaches they experienced. Companies choosing not to report the number of records lost increased by 85 per cent… The fact that companies are increasingly choosing to hold back critical details after a breach is a disturbing trend. Transparency is critical to security. While numerous data sharing initiatives are underway in the security industry, helping all of us improve our security products and postures, some of this data is getting harder to collect.”
