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Flashpoint Report Shows Data Theft Incidents Occur Frequently Due To Hacking / Digital Information World

Flashpoint, a global platform specializing in risk intelligence for organizations, publishes a report which indicates that during the first half of 2022, the most serious breaches have decreased compared to last year. The report shows that 1,980 breaches occurred due to glitches and web-related errors fell from 27.3 billion in 2021 to 1.4 billion in 2022.

While this indicates that companies would have set their priorities to prevent data breaches, organizations still need to become active to deal effectively with cyber threats. Most of the data breaches recognized in the report are due to hacking, with 60% of cybercrimes being caused by illegitimate access to software systems. This is key to taking steps to minimize web exposure and organizations will need to be careful to stop cybercriminals. Additionally, security teams within organizations need to focus on vulnerability management strategies with enhanced intelligence. Speaking of vulnerability management, it is cyber activity that is based on effective assessment and detailed reporting of sensitive actions in IT. Vulnerability is the major problem that worries organizations. For this reason, organizations must become proactive in closing gaps and insecure configurations.

The Flashpoint study also reveals that only 23% of data breaches initiated within the victimized company and most (61%) of breaches were primarily due to data processing errors. The State of Data Breach Intelligence study identified 54 breaches caused by Turncloak (malicious insider) referring to someone who illegally uses identifying information for financial or personal gain. In addition, the occurrence of ordinary occurrences of cybercrime to minor theft of people’s credit card data while shopping.

Finally, Flashpoint’s mid-year report outlines how organizations should learn security measures accordingly and deal with significant threats that often arise when defending or returning to normal circumstances after a data breach.

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