The best bang for your buck with water penetration is not doing a root cause for the specific entry point, but ensuring that your standard water prevention is up to the highest degree, then re-evaluate your priorities. Obviously you need to fix the damaged spot but given it might happen again, that's less important.
Cracks in the foundation may let water in at a slightly higher rate, but gallons gallons of invisible water enter poured concrete basements every day in the form of humidity and hydrostatic pressure. Hydrostatic pressure can cause visibly settling water to seep out of the concrete as if pressing down on a wet sponge.
The old basement technology was brilliant. The basement served as a reservoir for this humidity, and then it eventually passed through the wood floors or it settled into the concrete and left the way it came once the surrounding soil dried out. This was never intended to be a living space.
It simply may not be possible to have a finished basement in the house you're living in. It factors depending on the type of soil your house is built upon, the slope of the landscaping around it, and the type of climate you have. If you have a budget for it, you can do some simple and complex remediations:
- Just keep a humidity monitor and check your data to know the times of year and exposures that increase humidity in your house
- Check your gutters, extend your downspouts ALL the way out there.
- Extend your rafters and eaves
- You can buff up your egress by installing a shield which is allowed by (my) code as long as its operable and you can actually get out in case of a fire.
- Grade the soil around your foundation to shed water away from the house
- Dig trenches where applicable to divert water
- Move plants and watering away from the foundation
- Keep a dehumidifier running in the basement
- Install a sump pump in/around the low point of the basement as some insurance in case of a flood (usually, this is when the sewer backs up through a basement drain.)