Cyber incidents doubled in 2017 [source: homelandsecuritynewswire]

31 Jan 2018

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The Online Trust Alliance (OTA) has just released its Cyber Incident & Breach Trends Report. OTA’s annual analysis found that cyber incidents targeting businesses nearly doubled from 82,000 in 2016 to 159,700 in 2017. Since the majority of cyber incidents are never reported, OTAbelieves the actual number in 2017 could easily exceed 350,000. The report analyzes data breaches, ransomware targeting businesses, business email compromise (BEC), distributed denial of service attacks (DDoS), and takeover of critical infrastructure and physical systems over the course of a year.

The Online Trust Alliance (OTA), an Internet Society initiative with the mission to enhance online trust, has just released its Cyber Incident & Breach Trends Report. OTA’s annual analysis found that cyber incidents targeting businesses nearly doubled from 82,000 in 2016 to 159,700 in 2017. Since the majority of cyber incidents are never reported, OTA believes the actual number in 2017 could easily exceed 350,000.

In the report, OTA analyzes data breaches, ransomware targeting businesses, business email compromise (BEC), distributed denial of service attacks (DDoS), and takeover of critical infrastructure and physical systems over the course of a year. It highlights the Internet Society’s concerns around how large-scale data breaches, uncertainties about how data is being used, cybercrime and other online threats are impacting Internet users’ trust in the Internet.

“Surprising no one, 2017 marked another ‘worst year ever’ in data breaches and cyber incidents around the world,” said Jeff Wilbur, director of the OTA initiative at the Internet Society. “This year’s big increase in cyberattacks can be attributed to the skyrocketing instances of ransomware and the bold new methods of criminals using this attack.”

For more, click here.