Index
A programer shows a sample of a ransomware cyberattack on a laptop in Taipei, Taiwan, 13 May, 2017. According to news reports, a 'WannaCry' ransomware cyber attack hits thousands of computers in 99 countries encrypting files from affected computer units and demanding 300 US dollars through bitcoin to decrypt the files.

Cyberattacks were four times worse in 2017 than the four previous years

26%

Cyber insurance group AIG says ransomware and data breaches are worse than ever, with claims for losses in 2017 surpassing the previous four years combined.

Published   |  Photo by EPA/Ritchie B. Tongo
A programer shows a sample of a ransomware cyberattack on a laptop in Taipei, Taiwan, 13 May, 2017. According to news reports, a 'WannaCry' ransomware cyber attack hits thousands of computers in 99 countries encrypting files from affected computer units and demanding 300 US dollars through bitcoin to decrypt the files.
26%

According to AIG’s estimates, ransomware attacks remain the top issue for global businesses, making up 26% of the company’s claims in 2017.

A programer shows a sample of a ransomware cyberattack on a laptop in Taipei, Taiwan, 13 May, 2017. According to news reports, a 'WannaCry' ransomware cyber attack hits thousands of computers in 99 countries encrypting files from affected computer units and demanding 300 US dollars through bitcoin to decrypt the files.
26%

Data breaches were a distant second (12%), though AIG predicts that issue—along with other security failures—will be more visible due to the General Data Protection Regulation (GDPR).

A programer shows a sample of a ransomware cyberattack on a laptop in Taipei, Taiwan, 13 May, 2017. According to news reports, a 'WannaCry' ransomware cyber attack hits thousands of computers in 99 countries encrypting files from affected computer units and demanding 300 US dollars through bitcoin to decrypt the files.
26%

For 2017, network interruption losses tracked by AIG Europe ranged from $3,250 to $5.2 million. Ransomware payments tend to generate less than $150,000 per case.

A programer shows a sample of a ransomware cyberattack on a laptop in Taipei, Taiwan, 13 May, 2017. According to news reports, a 'WannaCry' ransomware cyber attack hits thousands of computers in 99 countries encrypting files from affected computer units and demanding 300 US dollars through bitcoin to decrypt the files.
26%

As cyberattacks trend upward post-GDPR, companies will see more ransomware, DDoS attacks, and phishing—especially with returns for cybercriminals often vastly outweighing the risk.

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