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Remote work leads to a massive surge in hacking globally

China-based hackers luring Indians into fake Tata Motors scam

With the majority of citizens operating from home as a result of the Coronavirus pandemic, computer crime has increased. According to a study released Thursday, the year 2021 will see 5,258 data breaches worldwide, a third more breaches than last year.

Verizon Business’s 14th version of the Data Breach Investigations Report (2021 DBIR) analyzed 29,207 vulnerability cases using data from 83 contributors and claimants from 88 nations, 12 sectors, and three world regions.

According to the survey, as a result of the unprecedented amount of people operating remotely, phishing and ransomware attacks rose by 11% and 6%, respectively, with incidents of misrepresentation rising 15 times over the previous year.

Additionally, data breaches revealed that 61% of incidents contained credential data. Approximately 95% of organizations who were victimized by password stuffing attacks experienced between 637 and 3.3 billion fraudulent authentication attempts during the year.

“The Covid-19 pandemic has had a dramatic effect on a number of the security issues that organizations are currently experiencing,” said Tami Erwin, CEO of Verizon Company.

“The exposure to their activities is the as more enterprises transfer mission-critical tasks into the cloud, while Malicious actors aim to exploit human vulnerabilities and take advantage of increased dependence on digital infrastructures,” continued Erwin.

While 83 percent of data stolen in breaches was personal data in the financial and insurance sectors, just 49 percent was personal data in the professional, scientific, and technical services industries.

Additionally, the 2021 DBIR study reported that a large number of breaches in the Asia Pacific area were triggered by financially driven criminals — who phished workers for passwords and then used those stolen credentials to obtain access to email accounts and web application servers.

Europe, the Middle East, and Africa experienced simple network application assaults, device manipulation, and social engineering, while Northern America was targeted by financially driven cybercriminals looking for revenue or easily monetizable info. Social engineering, hacking, and malware remained the cyber criminals’ preferred methods in this area.

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Written by Ankur J Kakoti

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