An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents.
The Internet Society’s Online Trust Alliance (OTA), which identifies and promotes security and privacy best practices that build consumer confidence in the Internet, released its Cyber Incident & Breach Trends Report, which found the financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018.