May 18, 2009 By Casey Mayville
2008 saw a dramatic spike in security breaches resulting in millions of compromised records. This could be spurred by economic troubles, or perhaps online crime is just an easy target.
For example, the average bank robbery will net about $3,000 -- with a fairly good chance of going to prison or even being shot.
Now compare the use of a botnet to commit an online crime. On average, such thefts make $5,000 a week, with very little chance of being caught and even less chance of being injured or killed. Not to mention, you can do this from the comfort of your own living room. Which option is more appealing?
With statistics like these, it's no wonder thieves are turning to online crimes. Internet crime has grown exponentially in recent years and trends show that it will continue in this direction until we change the way we think about security.
In a recent security threat update, Don Hewatt of Verizon Business explained that highly organized crime circles are responsible for the majority of security breaches. In Verizon's recently published 2009 Data Breach Investigation Report, it is estimated that 285 million records were breached in 2008, which is more than the past four years combined. Over 90 percent of those compromised records were attributed to organized crime networks. Attacks and breaches are becoming very complex in nature. A new trend shows that there is a rise in custom malware which targets specific assets. And what do criminals do once they obtain this data? Usually it is handed over to another "tier" in the criminal hierarchy, making it even more difficult to catch those involved in these types of crimes.
While hacking, phishing and SPAM still remain as external threats, data breaches can also be instigated by internal sources. In fact, even though most data breach cases were perpetrated by external sources, internal breaches account for more total compromised records. Disgruntled ex-employees and rogue IT technicians can prove to be a serious threat to data security and must be mitigated by close monitoring of event logs.
State and local government agencies are especially rich targets because they store an immense amount of data online. As more government services become available online, the more at risk that data becomes. Hackers are opportunistic; they will go where the money is. In this case, money can be in the form of personal information such as Social Security numbers, accounts numbers or addresses and phone numbers. But the threats don't stop there. Increasingly, security professionals are seeing the results of hacking at the national level, which becomes a treat to national security.
Hewatt said, "technology is not always the answer." The report shows that nearly nine out of 10 breaches were considered avoidable if security basics had been followed and that it's not the lack of technology that allowed these breaches, but the lack of policies and processes that actually created the opportunity for these criminals to act. There are things that agencies can do to make themselves less vulnerable. Some recommendations were: