The report analyzed 30,458 security incidents and 10,626 confirmed breaches in 2023, marking a two-fold increase from 2022. Furthermore, 15 per cent of breaches involved a third party, ranging from data custodians to third-party software vulnerabilities
In the Asia-Pacific (APAC) region, cyber espionage has surged, constituting about 25 per cent of cyberattacks last year. This rate dwarfs the 6 per cent and 4 per cent seen in Europe and North America, respectively. According to a recent report from Verizon Business, out of 2,130 security incidents and 523 confirmed breaches in APAC, system intrusion, social engineering, and basic web application attacks were responsible for 95 per cent of breaches.
Credentials (69 per cent ), internal data (37 per cent ), and secrets (24 per cent ) were the most common types of compromised data. Chris Novak, Sr Director of Cybersecurity Consulting at Verizon Business, emphasised the need for APAC organisations to regularly update their security protocols to counter advanced persistent threats.
The report analysed 30,458 security incidents and 10,626 confirmed breaches in 2023, marking a two-fold increase from 2022. Furthermore, 15 per cent of breaches involved a third party, ranging from data custodians to third-party software vulnerabilities.
Interestingly, 68 per cent of breaches, whether involving a third party or not, had a non-malicious human element, indicating errors or falling victim to social engineering attacks. Anshuman Sharma, Director of VTRAC, Cybersecurity Consulting Services at Verizon Business, noted India’s susceptibility to phishing attacks, with employees often clicking on malicious links or attachments from seemingly legitimate sources.
Sharma also highlighted an improvement in reporting practices, with 20 per cent of users now identifying and reporting phishing during simulation tests.
