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U.S. Secret Service Partners With Private Sector in 2018 Verizon Data Breach Investigations Report

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The following press release was published by the U.S. Secret Service on April 10, 2018. It is reproduced in full below.

(Washington, D.C.) Today, Verizon released their comprehensive 11th installment of the Verizon Data Breach Investigations Report (DBIR). The U.S. Secret Service is again proud to have collaborated with our private industry, academic and law enforcement partners through Verizon on this very important and informative annual investigative report.

Cybersecurity risks are products of three elements: threat, vulnerability, and impact. The DBIR provides an annual opportunity to consider cybersecurity risks from a holistic broad-based perspective by evaluating actual incidents. Viewing the totality of the cybersecurity threat landscape will help organizations prioritize and align their resources to reduce their cybersecurity risks and further support the creation of best practices and response protocols to cybersecurity incidents.

"For the Secret Service, our core focus is countering the criminal threat," said Deputy Assistant Director Robert Novy from the Office of Investigations. "Financial gain continues to be a primary driver of the most complex criminal schemes and presents evolving challenges as criminal networks reinvest the revenue they generate into developing more sophisticated capabilities."

In FY 2017, Secret Service financial and cybercrime investigations prevented over $3 billion USD in fraud losses. The Secret Service will continue to disrupt the proliferation of malicious cyber capabilities and bring those behind them to face justice.

The 2018 Verizon Data Breach Investigations Report can be found here: http://www.verizonenterprise.com/verizon-insights-lab/dbir/

Source: U.S. Secret Service

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