Business Resource Center - Technology Impact Article

Black market for stolen data escalates

This article appeared in an online SC Magazine report on June 12. The findings in the quoted report were too amazing not to share the entire article with you…

Report: Data breaches stolen data, organized crime rampant
A new report from Verizon Business Security Solutions shows that there is an escalating worldwide black market for stolen data. The document, called the “2008 Data Breach Investigations Report” spans four years and some 500 forensics investigations involving 230 million records.

Some of the findings in the report include:

• Most data breaches come from external sources. But breaches attributed to insiders were much large in scope than those caused by outsiders.
• Most breaches resulted from a combination of events rather than a single action. And some form of error often directly or indirectly contributed to a compromise.

Click here to read additional report findings and the full article online.