Flashpoint’s report reveals data theft is common due to hacking / Digital Information World

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Flashpoint, a global platform dedicated to enterprise risk intelligence, released a report stating that in the first half of 2022, the top breaches were down year-over-year. The report shows that 1,980 breaches occurred due to disruptions and web-related errors fell from 27.3 billion in 2021 to 1.4 billion in 2022.

While this suggests that organizations have prioritized preventing data breaches, organizations still need to take action to effectively counter cyber threats. Most of the data breaches identified in the report are due to hacking, with 60 percent of cybercrimes resulting from unlawful access to software systems. This is critical to taking steps to minimize web exposure, and organizations need to be careful to stop cybercriminals. Additionally, enterprise security teams need to focus on vulnerability management strategies with enhanced intelligence. Speaking of vulnerability management, it is cyber activity based on efficient assessment and detailed reporting of vulnerable actions in IT. Vulnerabilities are the number one issue companies worry about. Because of this, organizations must become proactive in closing loopholes and insecure setups.

Flashpoint’s study also shows that only 23 percent of data breaches were initiated within the affected organization, and most (61 percent) of breaches were primarily due to data processing errors. The State of Data Breach Intelligence study identified 54 breaches initiated by Turncloak (malicious insider) and related to someone illegally using credentials for financial or personal gain. In addition, the occurrence of ordinary cases of cybercrime up to the petty theft of someone’s credit card details during the purchase can occur.

Finally, Flashpoint’s semi-annual report shows how organizations should learn security measures appropriately and address the significant threats that often arise when defending against a data breach or returning to normal circumstances.

Read next: 265 brands impersonated in credential phishing attacks in the first half of 2022

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