49% of businesses fell victim to cyber ransom attacks in 2016

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From Tech Republic:

Nearly half of businesses report that they were the subject of a cyber-ransom campaign in 2016, according to Radware's Global Application and Network Security Report 2016-2017.

Data loss topped the list of IT professionals' cyber attack concerns, the report found, with 27% of tech leaders reporting this as their greatest worry. It was followed by service outage (19%), reputation loss (16%), and customer or partner loss (9%).

Malware or bot attacks hit half of all organizations surveyed in the last year. One reason for the pervasive attacks? The Internet of Things (IoT). Some 55% of respondents reported that IoT ecosystems had complicated their cybersecurity detection measures, as they create more vulnerabilities.

Ransomware attacks in particular continue to increase rapidly: 41% of respondents reported that ransom was the top motivator behind the cyber attacks they experienced in 2016. Meanwhile, 27% of respondents cited insider threats, 26% said political hacktivism, and 26% said competition.

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