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9 out of 10 security breaches are financially motivated

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Breaches on web and cloud applications double

Reuters reports on Verizon’s 2020 ‘Data Breach Investigation Report’, which revealed that 86% of data breaches were for money rather than spying. The report studied 32,000 incidents in 81 countries. It found that confirmed breaches had doubled from the previous year, with 43% of successful attacks on web and cloud applications. Reuters quotes Verizon Business Group CEO, Tami Erwin, that digital transformation and the ‘work from home’ model was presenting security red flags for companies. Read more.

The full report can be viewed at

9 out of 10 security breaches are financially motivated: Breaches on web and cloud applications double

Privacy, Safety, Security
Regulatory Watch
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