2017 cybercrime trends: Expect a fresh wave of ransomware and IoT hacks – TechRepublic

The economic damage caused by cybercrime is massive and quantifiable. In 2016 companies and individuals will be hit by 90 million attacks. That’s 400 raids every minute. Nearly 70% of of these attacks will go unnoticed, yet the fallout is massive. Hacking costs companies $15.4 million per attack, according to Sameer Dixit, Senior Director of Security Consulting at cybersecurity firm Spirent.

This year companies were rocked by over 90 million cyberattacks. In 2017 the number could double. Cybersecurity expert Sameer Dixit explains how new innovation leads to increased vulnerability.

Source: 2017 cybercrime trends: Expect a fresh wave of ransomware and IoT hacks – TechRepublic