Ransomware attacks have eclipsed most other global cybercrime threats, with the first half of 2017 witnessing ransomware attacks on a scale previously unseen, Europol announced as it released its latest annual report on internet organized crime. The 2017 Internet Organized Crime Threat Assessment (IOCTA), is the fourth annual presentation of the cybercrime threat landscape by Europol’s European Cybercrime Centre (EC3).
This included the WannaCry ransomware attack in May, believed to have rapidly infected as many as 300,000 targets in 150 countries including some high-profile ones such as Britain’s National Health Service, Spanish telecoms company Telefonica, and logistics company Fed-Ex.
The IOCTA provides a predominantly law enforcement focused assessment of the key developments, changes and emerging threats in the field of cybercrime over the last year. It relies on the invaluable contributions of the EU Member States, and our partners in private industry, the financial sector and academia, as well as the expert input of Europol staff.
The report also said that last year saw an unprecedented increase in data breaches with vast amounts of data being stolen, including over two billion records related to EU citizens reportedly leaked over a 12-month period.
Download the report