Tom Mangan

Tom Mangan

Technology Content Marketing Writer

Expert content marketing writer and editor. B2B specialist. Niches: Enterprise IT, cyber security, healthcare, biopharma, fitness/wellness, marine energy, industry, insurance.

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Cybercrime article
mcgowanrisk.com

Facing up to the Explosion of Cybercrimes

The security picture just keeps getting worse for businesses as cybercriminals resort to ever-more devious means to extort businesses with ransomware and steal valuable data to sell on the black market.

As the security blog Ride the Lightning reported, the 2017 IBM X-Force Threat Intelligence Index found that records compromised surged 566 percent from 600 million in 2015 to over 4 billion in in 2016.

That surge created a glut of stolen structured data like names, addresses, phone numbers, and other data that’s easy to categorize, according to IBM. With the oversupply undermining the value of structured data, cybercriminals had an incentive to sift for more precious gems in unstructured data like emails, source code, internal reports, and intellectual property.