Everyone is exposed to cyber-threats and the main motive is typically monetization. This was most recently seen with mobile operator “3” who has had the personal details of around 3,600 danish customers stolen by cyber criminals. According to a new report by ENISA, 2016 has been a year characterized by efficient cyber-crime monetization. The ENISA report gives an overview of the top cyber-threats assessed in 2016. Malware clearly tops the cyber-threat list yet another year and 2016 has especially seen an immense growth in mobile malware – which has increased by 150%. This is a concerning development with a steadily increase in the use of mobile in various fintech sectors.
Further, out of all the cyber-threats in 2016, ransomware has seen the most significant growth in number of campaigns, number of victims, average ransom paid, “depth” of damage and turnover for cyber-criminals. In the report year, the turnover from ransom is expected to reach $1 billion and approximately doubling within one year.
For those who don’t know what a ransomware is: “Ransomware is a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files unless a ransom is paid”.