As per latest report although the number of data breaches dropped by nearly 25% in 2017, Cloud-related cyber attacks saw a significant 424% jump largely owing to human error. According to a report by technology giant IBM said by IBM Security titled "2018 IBM X-Force Threat Intelligence Index", "As cyber criminals shifted their focus on launching ransomware and destructive attacks, more than 2.9 billion records were reportedly breached last year, which is down from four billion disclosed in 2016".
Meanwhile the findings showed that inadvertent activity such as misconfigured Cloud infrastructure was responsible for the exposure of nearly 70% of compromised records tracked by IBM X-Force that runs spam traps globally and monitors cyber attacks daily. Further as per report for the second year in a row, the Banking, Financial services and Insurance (BFSI) industry suffered the most cyber attacks against it, accounting for 27% of attacks across all industries.
Earlier in 2017, it fell to the third-most attacked
(17% ) behind Information and Communications Technology (33%) and Manufacturing
(18%) yet saw the most security incidents (27 %) those requiring further
investigation as compared to other industries. Accordingly ransomware incidents
have cost organizations more than $8 billion in 2017 as cyber criminals
launched debilitating attacks that were focused on locking critical data
instead of compromising stored records.
