According to the Verizon Business 2022 Data Breach Investigations Report (2022 DBIR), it has been an "unprecedented year" in cyber security. The annual report has identified that an increase of 13% in ransomware breaches over the past 12 months is an "alarming rise" in that space of time, in comparison to previous data that the DBIR had collected in the past five years combined.
According to Hans Vestberg, CEO and chairman of Verizon, the pandemic has exposed a number of critical issues that businesses have been forced to navigate in real time over the past few years.
"Nowhere is the need to adapt more compelling than in the world of cyber security.
"As we continue to accelerate toward an increasingly digitised world, effective technological solutions, strong security frameworks, and an increased focus on education will all play their part in ensuring that businesses remain secure, and customers protected," Vestberg said.
According to the 2022 DBIR researchers, heightened geopolitical tensions are key drivers of increased sophistication, visibility, and awareness around state-backed cyber attacks. While cybercriminals have been increasingly leveraging sophisticated forms of malware, ransomware continues to be the preferred method of exploiting and monetising illegal access to private information.
Organised crime has had a continued presence as the 2022 DBIR found that four in five breaches can be attributed to organised crime, according to the data, with external actors about four times more likely to cause breaches in an organisation than internal actors.
Commenting on this year’s report findings, Dave Hylender, lead author of the DBIR, believes that assessing the many cyber security threats that organisations continue to face sheds light on some of the leading issues affecting the international cyber security landscape.