Verizon: 68% of data breaches take months to discover
In a study of over 53,000 security incidents including 2,300 confirmed data breaches across 65 countries, Verizon has unveiled its 2018 Data Breach investigation report (DBIR).
The report revealed that data breaches have risen significantly in this past year, with 39% of respondents having reported malware-related breaches – double that of last year’s Verizon DBIR.
Further, interestingly, the report found that these attacks often go undetected for prolonged periods of time, with over two thirds (68%) of companies having taken months or even years to discover breaches, despite it taking just minutes to compromise sensitive data in 87% of attacks.
“Businesses find it difficult to keep abreast of the threat landscape and continue to put themselves at risk by not adopting dynamic and proactive security strategies,” says George Fischer, President of Verizon Enterprise Solutions.
Rashmi Knowles, EMEA Field CTO of RSA Security argues that companies failing to invest and update their security strategies will continue to be susceptible to common and growing cybercrime, such as identify theft, with stolen credentials being the most successful attack method according to this year’s DBIR.
“Two-factor authentication is a must-have for businesses. Passwords by themselves are clearly not a strong enough defence,” said Knowles.
“However, the key is to balance convenience with security, to ensure that users behave securely – for instance, using proximity-based identity solutions that connect to a user’s mobile, or biometrics such as iris and fingerprint scanning, users can easily demonstrate that they are who they say they are without having to jump through too many hoops, while still reducing risk for the business.”
For more information, see the full Verizon 2018 Data Breach Investigations Report.
Logi Analytics Webinar: Meet the speaker
Data allows business owners to leverage digital insights and embrace the power of data-driven business intelligence to make more informed decisions that are better for business growth and evolution. By using data to drive its actions, an organisation can contextualise and/or personalise its messaging to its prospects and customers for a more customer-centric approach.
BizClik Media Group and Logi Analytics invite you to explore next-gen embedded analytics in our live webinar. There’s still time to sign up for the event entitled ‘Application Imperative: How Next-Gen Embedded Analytics Power Data-Driven Action’, which is taking place on 10 June at 4 pm BST.
The webinar will be led by Constellation Research’s Principal Analyst, Doug Henschen, who focuses on data-driven decision-making. Henschen’s Data-to-Decisions research examines how organisations employ data analysis to reimagine their business models and gain a deeper understanding of their customers.
Henschen's research acknowledges that innovative data analysis applications require a multi-disciplinary approach starting with information and orchestration technologies, continuing through business intelligence, data visualisation, and analytics, and moving into NoSQL and big-data analysis, third-party data enrichment, and decision-management technologies.
Constellation Research is a technology research and advisory firm based in Silicon Valley. Prior to joining Constellation, Doug Henschen led analytics, big data, business intelligence, optimisation, smart applications research, and news coverage at InformationWeek.
What will the webinar cover?
This exclusive webinar will explain next-gen embedding capabilities that will enable your company to:
- Eliminate unproductive toggling between transactional interfaces and purely analytic dashboards
- Drive two-way interactions between app features and embedded analytics to drive data-driven action
- The compounding impact of embedded analytics on your overall ROI
- Harness analytics as triggers for automated workflows and suggested next-best actions
- Enable developers to build quickly without coding while customising self-service options for end users
Logi Analytics is the only developer-grade analytics solutions provider focused exclusively on embedding analytics in commercial and enterprise applications, empowering the world’s software teams with the most intuitive data analytics solutions and a team of dedicated professionals invested in your company’s success.
Why not sign up today to find out exactly how Logi Analytics can revolutionise your data analytics game?
We look forward to seeing you there!