Verizon’s DBIR Reveals Surge in BEC Scams

In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity and privacy issues, including highlights from Verizon’s 16th annual Data Breach Investigations Report, what’s on the mind of CISOs in Malaysia and the Philippines, and how the U.S. SEC sued crypto trading platforms Binance and Coinbase over securities violations.

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The panelists – Anna Delaney, director, productions; Mathew Schwartz, executive editor, DataBreachToday and Europe; Rashmi Ramesh, senior subeditor, global news desk; and Suparna Goswami, associate editor, ISMG Asia – discuss:

• Highlights from Verizon’s 2023 Data Breach Investigations Report, which reveals that the most prevalent attacker tactics or tools involved in data breaches, when known, were stolen credentials, followed by ransomware, social engineering and vulnerability exploits;
• Key takeaways from conversations with security leaders at ISMG events in the APAC region;
• How the Biden administration stepped up regulatory enforcement against cryptocurrency trading platforms this week in consecutive lawsuits targeting Binance and Coinbase for alleged violations of securities laws.

The ISMG Editors’ Panel runs weekly. Don’t miss our previous installments, including the May 26 edition on how Ukraine’s defenders prepared for war and the June 2 edition on why communication skills matter for CISOs.