Verizon DBIR: Basic security gaffes underpin bumper crop of breaches

Security bugs are having a cybercrime moment: For 2023, 14% of all data breaches started with the exploitation of a vulnerability, which is up a jaw-dropping 180%, almost triple the exploit rate of the previous year.

Let’s put this in context, though. The MOVEit software breach, which wreaked supply chain havoc on companies across every sector, accounted for a large chunk of the increase in using exploits as an initial access method, and likely drove overall breach volumes up as well.

That’s according to Verizon Business’ 2024 Data Breach Investigations Report (DBIR), which analyzed a record 30,458 security incidents, out of which 10,626 were confirmed breaches — as a stat in itself, that’s more than double the numbers from a year ago.

Organizations Still Lack Security Maturity

The DBIR, released today, detailed just how far patching can go in heading off a data breach. It also noted that a full 68% of the breaches Verizon Business identified involved human error — either someone clicked on a phishing email, fell for an elaborate social-engineering gambit, was convinced by a deepfake, or had misconfigured security controls, among other snafus. That’s about the same percentage as last year, indicating that practitioners are not having much success when it comes to patching the human vulnerability.

In all, a picture in this year’s DBIR emerges of an organizational norm where gaps in basic security defenses — including the low-hanging fruit of timely patching and effective user awareness training — continue to plague security teams, despite the rising stakes for CISOs and others that come with “experiencing a cyber incident.”

“It can be a bit overwhelming for CISOs, particularly in environments where the security maturity of the organization is not as high as they would like,” Suzanne Widup, distinguished engineer in threat intelligence at Verizon Business, tells Dark Reading. “But seeing organizations (large and small) still falling down in some of the basics is disheartening.”

She adds, “Sometimes it takes the stakes being raised to get the attention of the appropriate people to affect change, sadly. What began with the data breach reporting laws has moved into serious consequences to company officers being codified into laws and regulations. But the bottom line is most organizations are not in business to worry about security. It has been an add-on after the fact for so long.”

Other trends in the DBIR underscore the fact that teams need to address their cyber risk as a priority, and soon: A full 15% of breaches in the past year came from the supply chain, including issues with data custodians, vulnerabilities in third-party code, malicious packages in software repositories, and so on. That is an eyewatering 68% increase from 12 months previous, indicating that adversaries have copped to the fact that this is a tough area for security teams to get their arms around.

MOVEit Moves the Cybercrime Needle

Using the MOVEit bug was like shooting proverbial fish in a barrel — the world suddenly became a target-rich environment in the middle of last year for the Cl0p extortion gang and those cybercriminals that followed in its footsteps.

MOVEit Transfer is a managed file transfer app from Progress Software that organizations use to exchange sensitive data and large files both internally and externally. Progress claims thousands of customers for MOVEit, including major brands such as Disney, Chase, BlueCross BlueShield, Geico, and Major League Baseball.

Cl0p reportedly spent two years developing the MOVEit file transfer zero-day exploit, first discovered and disclosed on May 31, 2023, by researchers after months of surreptitious attacks. Within a week of its public debut, CVE-2023-34362 was under mass exploitation by an array of threat actors; within a month, it had been used to breach at least 160 confirmed victims, including whales like Avast parent company Gen Digital, British Airways, Siemens, and UCLA. By the end of September 2023, it was linked to breaches at 900 different universities.

To read the complete article, visit Dark Reading.