It’s time again for our Midyear Cybersecurity Report (MCR), providing updates from Cisco security researchers on the state of security from the first half of the year. The 2016 MCR supplements the 2016 Cisco Annual Security Report published in January with mid-year analysis and insights on the evolving trends and threats across the industry. It also offers valuable guidance on what you can do to be more secure. Time is the resounding theme throughout the 2016 MCR and a pivotal factor in how we protect our businesses, our assets, and ourselves.
This report’s Cybercrime Spotlight is on ransomware, as this specific threat is becoming more widespread and potent. Our adversaries focus more than ever on generating revenue, and now deploy ransomware to target enterprise users in addition to individuals. These direct attacks are becoming increasingly efficient and lucrative, generating huge profits. Our security researchers calculate that ransomware nets our adversaries nearly $34 million annually. That’s a significant industry, and it’s time we improve our odds to handle this type of attack.