About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock
About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock

Financial gain trumps espionage as top motivator in cyberattacks, according to report

  • About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes
  • Credential theft, phishing and compromising business emails caused 67 per cent of the cyberattacks

Topic |   Cybersecurity
About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock
About nine in 10 data breaches last year were financially motivated, according to Verizon’s annual report on cybercrimes. Photo: Shutterstock
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