Data Breach Report: Cyber Risks Continue to Increase

Verizon has just released its 2014 Data Breach Investigations Report, and anyone interested in Cyber Risk and Cyber Risk Insurance should check it out.  Also see an excellent summary article from Re/Code here.  Key points:2013 is going to go down as something of a watershed year…It was a year when computer security incidents became something that mainstream people worried about a lot The number of overall attacks is on the rise [The report identifies] nine patterns that together describe 92% of the confirmed data breaches Attempts to steal intellectual property rose…There were two basic motivations: Sell the data to a competitor, or start a competitive company In more than 70% of the IP theft cases, insiders stole the information within 30 days of announcing their resignation. There are …


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