Ransomware Continues to Be a Major Cyber Threat

Ransomware Continues to Be a Major Cyber Threat: With the wave of data breaches continues to crash down on companies, as per Javelin Strategy & Research, there were 16.7 million victims of identity fraud, a record high that followed a previous record the year before. Criminals are engaging in complex identity fraud schemes that are leaving record numbers of victims in their wake. The amount stolen hit $16.8 billion last year as 30 percent of U.S. consumers were notified exposure to a data breach last year, an increase of 12 percent from 2016. For the first time, more Social Security numbers were exposed than credit card numbers.

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