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Organized crime behind data breaches

Verizon: Organized crime behind data breaches

Of the 285 million records compromised in the 90 confirmed network breaches Networx vendor Verizon examined last year, 91 percent were linked to organized crime. And only a third were publicly disclosed.

With increasing supply and falling prices, criminals have had to overhaul their processes and differentiate their products to maintain profitability, the report states. Their method: Target points of data concentration or aggregation to get the most valuable information. ¡§The big money is now in stealing personal identification number information, together with associated credit and debit accounts,¡¨ the report states.

In the 2009 Data Breach Investigations Report” released April 15, the Verizon Business Risk Team based its results on evidence the company collected during data breach investigations from 2004 to 2008, with 2008 events forming the primary analytical focus.


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