Verizon’s DBIR, one of the most-read and referenced data breach reports in cybersecurity, is considered the definitive source of annual cybercrime statistics. Verizon expanded the scope of the report to include 16 industries this year including Asia-Pacific (APAC); Europe, Middle East and Africa (EMEA); Latin America and the Caribbean (LAC); and North America, Canada, and Bermuda that faced the most data breaches. This year the study is based on an analysis of a record total of 157,525 incidents. Of those, 32,002 met Verizon’s quality standards, and 3,950 were confirmed data breaches.
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Know your Vulnerabilities
The online hacking industry has gone creative and nasty in its ways to make attacks and take advantage of vulnerabilities. With this, the rising rate of cybercrime is a growing concern for many in the market. SMBs, also known as Small to Medium Businesses, are one category who need to think and implement about having strong cyber security tactics in order to prevent data loss.