The 2018 IBM X-Force Threat Intelligence Index has found the number of records breached dropped nearly 25 percent in 2017, as cybercriminals shifted their focus on launching ransomware and destructive attacks that lock or destruct data unless the victim pays a ransom.
A new report says that cybercrime costs businesses close to $600 billion, or 0.8 percent of global GDP, which is up from a 2014 study that put global losses at about $445 billion.
