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

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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