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A person types on a laptop in Miami. Photo: Wilfredo Lee / AP

More businesses are detecting breaches internally, and they’re doing it faster than before, according to CrowdStrike’s Cyber Intrusion Services Casebook of 2017, which analyzes the businesses the cybersecurity technology company worked with this year.

Why it matters: The most visible news about breaches is likely going to be about those businesses that are caught off guard — but that may not be representative of the majority of breaches businesses are dealing with. Per CrowdStrike, this shows companies are improving their security hygiene practices and investing in resources to better detect attacks.

The analysis shows:

  • 68% of businesses were able to internally identify a breach in 2017, up 11% over the year before.
  • The average number of days between the first evidence of an attack and initial detection was about 86 days. “That continues to tick down year over year,” Bryan York, CrowdStrike’s director of services, told Axios.
  • The majority (66%) of hacks are malware-free attacks — for example, spear phishing to gain logins and passwords.
  • Ransomware and destructive malware hacks are increasingly employing methods that are self-propagating, meaning they don’t require human interaction or clicking to spread through systems. York suggests segmenting privileges in systems so that propagation is more difficult, but noted “when it comes to preventing this there’s no magic bullet.”

Go deeper

Mind the emissions gap

Illustration: Aïda Amer/Axios

The sprint to secure more stringent emissions reduction commitments ahead of the COP26 summit has petered out well short of the finish line, a new United Nations report out this morning concludes.

Driving the news: The "Emissions Gap" report offers a clear comparison between where emissions need to be to reach the Paris Agreement's goals, and where they actually are. It takes new and preexisting emissions pledges, called Nationally Determined Contributions (NDCs), into consideration.

Exclusive: Billionaires back new media firm to combat disinformation

Illustration: Aïda Amer/Axios

A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.

Why it matters: Good Information Inc. aims to fund and scale businesses that cut through echo chambers with fact-based information. As part of its mission, it plans to invest in local news companies.

Dan Primack, author of Pro Rata
28 mins ago - Economy & Business

Scoop: Sequoia Capital just blew up the VC fund model

Illustration: Aïda Amer/Axios

Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned.

Why it matters: Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception.

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