Year in Review: Top Three Cybercrime Threats of 2016

2016 saw cybersecurity become a national issue, reportedly affecting the U.S. presidential election, and impacting businesses and devices Americans have come to rely on.

IBM X-Force researchers monitor 35 billion security events per day for over 4,500 companies in 133 countries. In this endeavor, they have found that among the many aspects of cybercrime threats and their detrimental effect on consumers and businesses, a few key threats emerged in 2016 and are not likely to subside in 2017:

• Ransomware and digital extortion schemes;
• The weaponization of IoT devices; and
• The critical need for adequate response to data breaches.

Dear reader: this post is part of my research work at IBM X-Force. Please continue reading the rest of this post here.