Cyber threats reached an all-time high in 2016, with ransomware and business email compromise scams gaining increased popularity among cyber criminals looking to extort enterprises, according to a new study by security technology company Trend Micro.
A 752 percent increase in new ransomware families resulted in $1 billion in losses for enterprises worldwide, the report said. Trend Micro and the Zero Day Initiative (ZDI), a program started by Trend Micro’s TippingPoint unit to reward security researchers for responsibly disclosing vulnerabilities, discovered 765 vulnerabilities in 2016.
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