According to the most recent report released by Symantec Corp. (March 19, 2007), data theft, data leakage and targeted attacks are posing an increased threat as hackers become more sophisticated in their methods to access confidential information for financial gain. Theft or loss of a data storage device (such as a laptop) accounted for the majority of all identity theft-related data breaches.
Symantec’s Internet Security Threat Report indicates that ‘cyber criminals’ are collaborating at a global level and are continuing to refine their methods. Bot network owners are consolidating their servers and increasing their attacks – there were 29% more bot-infected computers in the latter half of 2006 over the first half. Trojans accounted for 45% of the top 50 malicious code samples. Together, bots and Trojans increased the threats to confidential information.
Theft or loss of a computer or data storage device (e.g. USB key) accounted for 54% of all identity theft-related data breaches.
“As cyber criminals become increasingly malicious, they continue to evolve their attack methods to become more complex and sophisticated in order to prevent detection,” said Arthur Wong, senior vice president, Symantec Security Response and Managed Services. “End users, whether consumers or enterprises, need to ensure proper security measures to prevent an attacker from gaining access to their confidential information, causing financial loss, harming valuable customers, or damaging their own reputation.”
Symantec reported, for the first time, on the trade of stolen confidential information. The data indicates that 51% of known Underground Economy Servers – used to sell information – are in the US and that an identity sells for very little – $14 – $18. The underground economy for identity trade could be in the millions or billions of dollars.
Symantec reports that data breaches (the result of hackers, theft, computer loss or security policy failure) affected the government the most heavily, at 25% of all data breaches. The attacks on governments often exploit medium severity vulnerabilities that often are not patched as quickly.
Cyber criminals are becoming more creative and collaborative in their attacks. The underground economy for identity trade is lucrative, and data from large organizations and governments will be particularly at risk.
Hat tip to flying hamster ; Tags: symantec, internet security, data breach, data threat, internet security report, government data, government security, identity theft, identity trade