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it-sa 2018: threat intelligence needed to counter ransomware rise, says report

Verizon to launch subscription-based Threat Intelligence Platform to track attacks trending across its IP backbone network.

Cyber Security Europe - Ransomware

Ransomware attacks on organisations have grown significantly over the last 12 months, according to Verizon’s 2018 Data Breach Investigations Report being presented at it-sa 2018 this week.

Employees are falling victim to social attacks, such as financial pretexting and phishing, which represent 98% of social incidents and 93% of all breaches analysed by the report.

Verizon has responded to the trend with the announced roll-out of its Threat Intelligence Platform Service, a subscription-based service combines cyber-threat intelligence from Verizon’s 11-year Data Breach Investigations Report series with cyber-situational awareness from Verizon’s Threat Research Advisory Center, which tracks threats across Verizon’s own global IP backbone network infrastructure.

“Verizon operates one of the largest global IP networks, which gives it a wide view into a large portion of the world’s data traffic,” says Bryan Sartin, Executive Director of Security Professional Services at Verizon. “When you cross-reference this with intelligence gleaned from more than a decade of analysis from its Data Breach Investigations Report eries, it provides a trove of cyber-intelligence.”