Cyber crime a significant risk to individuals and organisations

Cyber crime is still a significant risk to individuals and organisations, a report claims, with the top threats including business email compromise, ransomware, and banking and mobile malware

Victims’ losses related to such schemes increased by 2,370% between January 2015 and December 2016, according to figures released by the FBI.

As security awareness grows among companies and their employees, the report said it becomes more challenging for cyber criminals to trick victims into conducting fraudulent transactions, downloading malware or compromising sensitive data.