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Insights from the Verizon Data Breach Investigations Report | LinkedIn

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According to the most recent Verizon Data Breach Investigations Report (DBIR), system intrusions have surpassed both miscellaneous errors and fundamental web application attacks, becoming the leading threats to the financial services and insurance industries. Effectively, the report says, attacks on enterprises in these segments reflect the "shift toward more complex attacks, accompanied by a rise in Social Engineering." It goes on to say system intrusion attacks, which fell from dominance in the segment in 2018, are once again leading all others. Social engineering, which was the leading vector in 2019, is on the rise again. Increased visibility outside of the United States confirms ransomware attacks are “alive and well” in Europe, the Middle East and Africa. “Attackers are only getting craftier, and the financial services industry is a large target,” said Evie Manning, senior director of threat hunting and intelligence at Access Point Consulting. “ DDoS (Distributed Denial of Servic

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