New Era of 'Mega Breaches' Signals Bigger Payouts and Shifting Behavior for Cybercriminals

New Era of 'Mega Breaches' Signals Bigger Payouts and Shifting Behavior for 
Cybercriminals 
Symantec Report Reveals the Number of Mega Data Breaches Went From 1
in 2012 to 8 in 2013; 552 Million Identities Exposed in 2013 
MT. VIEW, CA -- (Marketwired) -- 04/08/14 --  After lurking in the
shadows for the first ten months of 2013, cybercriminals unleashed
the most damaging series of cyberattacks in history. Symantec Corp.'s
(NASDAQ: SYMC) Internet Security Threat Report (ISTR), Volume 19,
shows a significant shift in cybercriminal behavior, revealing the
bad guys are plotting for months before pulling off huge heists --
instead of executing quick hits with smaller rewards.  
"One mega breach can be worth 50 smaller attacks," said Kevin Haley,
director, Symantec Security Response. "While the level of
sophistication continues to grow among attackers, what was surprising
last year was their willingness to be a lot more patient -- waiting
to strike until the reward was bigger and better." 
In 2013, there was a 62 percent increase in the number of data
breaches from the previous year, resulting in more than 552 million
identities exposed -- proving cybercrime remains a real and damaging
threat to consumers and businesses alike. 
"Security incidents, managed well, can actually enhance customer
perceptions of a company; managed poorly, they can be devastating,"
wrote Ed Ferrara, VP and principal analyst, Forrester Research. "If
customers lose trust in a company because of the way the business
handles personal data and privacy, they will easily take their
business elsewhere."(1) 
Defense is Harder than Offense
 The size and scope of breaches is
exploding, putting the trust and reputation of businesses at risk,
and increasingly compromising consumers' personal information -- from
credit card numbers and medical records to passwords and bank account
details. Each of the eight top data breaches in 2013 resulted in the
loss of tens of millions of data records. By comparison, 2012 only
had a single data breach reach that threshold.  
"Nothing breeds success like success -- especially if you're a
cybercriminal," said Haley. "The potential for huge paydays means
large-scale attacks are here to stay. Companies of all sizes need to
re-exam
ine, re-think and possibly re-architect their security
posture." 
Targeted attacks were up 91 percent and lasted an average of three
times longer compared to 2012. Personal assistants and those working
in public relations were the two most targeted professions --
cybercriminals use them as a stepping stone toward higher-profile
targets like celebrities or business executives.  
How to Maintain Cyber Resiliency
 While the increasing flow of data
from smart devices, apps and other online services is tantalizing to
cybercriminals, there are steps businesses and consumers can take to
better protect themselves -- whether it be from a mega data breach,
targeted attack or common spam. Symantec recommends the following
best practices: 
For Businesses:  


 
--  Know your data: Protection must focus on the information -- not the
    device or data center. Understand where your sensitive data resides
    and where it is flowing to help identify the best policies and
    procedures to protect it.
--  Educate employees: Provide guidance on information protection,
    including company policies and procedures for protecting sensitive
    data on personal and corporate devices.
--  Implement a strong security posture: Strengthen your security
    infrastructure with data loss prevention, network security, endpoint
    security, encryption, strong authentication and defensive measures,
    including reputation-based technologies.

  
For Consumers:  


 
--  Be security savvy: Passwords are the keys to your kingdom. Use
    password management software to create strong, unique passwords for
    each site you visit and keep your devices -- including smartphones --
    updated with the latest security software.
--  Be vigilant: Review bank and credit card statements for
    irregularities, be cautious when handling unsolicited or unexpected
    emails and be wary of online offers that seem too good to be true --
    they usually are.
--  Know who you work with: Familiarize yourself with policies from
    retailers and online services that may request your banking or
    personal information. As a best practice, visit the company's official
    website directly (as opposed to clicking on an emailed link) if you
    must share sensitive information.

  
Symantec will be hosting a webinar on this year's ISTR results on
Tuesday, April 15, 2014 from 10:00 to 11:00 a.m. PDT. For more
informati
on or to register, please go here. 
About the Internet Security Threat Report
 The Internet Security
Threat Report provides an overview and analysis of the year in global
threat activity. The report is based on data from Symantec's Global
Intelligence Network, which Symantec analysts use to identify,
analyze, and provide commentary on emerging trends in attacks,
malicious code activity, phishing, and spam. 
About Symantec
 Symantec Corporation (NASDAQ: SYMC) is an information
protection expert that helps people, businesses and governments
seeking the freedom to unlock the opportunities technology brings --
anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500
company, operating one of the largest global data-intelligence
networks, has provided leading security, backup and availability
solutions for where vital information is stored, accessed and shared.
The company's more than 20,000 employees reside in more than 50
countries. Ninety-nine percent of Fortune 500 companies are Symantec
customers. In fiscal 2013, it recorded revenues of $6.9 billion. To
learn more go to www.symantec.com or connect with Symantec at:
go.symantec.com/socialmedia. 
NOTE TO U.S. EDITORS: If you would like additional information on
Symantec Corporation and its products, please visit the Symantec News
Room at http://www.symantec.com/news. All prices noted are in U.S.
dollars and are valid only in the United States. 
Symantec and the Symantec logo are trademarks or registered
trademarks of Symantec Corporation or its affiliates in the U.S. and
other countries. Other names may be trademarks of their respective
owners. 
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans
for products is preliminary and all future release dates are
tentative and are subject to change. Any future release of the
product or planned modifications to product capability,
functionality, or feature are subject to ongoing evaluation by
Symantec, and may or may not be implemented and should not be
considered firm commitments by Symantec and should not be relied upon
in making purchasing decisions.  
(1) New Research: CISOs Need To Add Customer Obsession To Their Job
Description, Ed Ferrara Forrester Research, Inc. Blog Post, March
2014 
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CONTACT: 
Elizabeth Soares
Symantec
650.504.7926
Elizabeth_Soares@Symantec.com  
Jill Nishida
Edelman for Symantec
323.202.1471
Jill.Nishida@Edelman.com 
 
 
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