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9 In 10 Data Breaches Are Financially-Driven: Report

Financial gain remains the key motivator for cybercrimes with nine in 10 (86%) data breaches that were investigated and proved to be financially driven, according to the Verizon’s 2020 Data Breach Investigations Report. The research revealed that credential theft and social attacks like phishing and BEC (business email compromise) attacks caused the majority of data breaches (over 67%), with 37% of credential theft breaches using stolen credentials, 25% involved phishing, and human error accounted for 22%.

Source : 9 In 10 Data Breaches Are Financially-Driven: Report

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