The report is from the EU's epicenter of cybersecurity and cyber threat research.
And the picture it paints makes one thing very clear: the impact of cyber attacks around the globe is greater than ever and continuing to grow.
'The past 12 months have seen a number of unprecedented cyber-attacks in terms of their global scale, impact and rate of spread. Already causing widespread public concern, these attacks only represent a small sample of the wide array of cyber threats we now face.'
That is the preface to Europol’s 2017 Internet Organised Crime Threat Assessment (IOCTA) which identifies major cybercrime threats and provides key recommendations to address them.
A brief video explains the breadth and depth of the report and its data:
Europol’s Executive Director, Rob Wainwright, says, "The global impact of huge cybersecurity events such as the WannaCry ransomware epidemic has taken the threat from cybercrime to another level. Banks and other major businesses are now targeted on a scale not seen before and, while Europol and its partners in policing and Industry have enjoyed success in disrupting major criminal syndicates operating online, the collective response is still not good enough. In particular people and companies everywhere must do more to better protect themselves."
There are more specifics to come on this report as it is analyzed by SecureWorld. For the latest developments and original stories around cybersecurity, follow SecureWorld on LinkedIn, Twitter, or Facebook.