IBM X-Force Report: Fewer Records Breached In 2017 As Cybercriminals Focused On Ransomware And Destructive Attacks

Human error responsible for two-thirds of compromised records including historic 424% jump in misconfigured cloud infrastructure

CAMBRIDGE, Mass., April 4, 2018 /PRNewswire/ -- IBM Security (NYSE: IBM) today announced results from the 2018 IBM X-Force Threat Intelligence Index which found the number of records breached dropped nearly 25 percent in 2017, as cybercriminals shifted their focus on launching ransomware and destructive attacks that lock or destruct data unless the victim pays a ransom.

Last year, more than 2.9 billion records were reported breached, down from 4 billion disclosed in 2016. While the number of records breached was still significant, ransomware reigned in 2017 as attacks such as WannaCry, NotPetya, and Bad Rabbit caused chaos across industries without contributing to the total number of compromised records reported.

Other key findings include: 

  • A historic 424 percent jump in breaches related to misconfigured cloud infrastructure, largely due to human error;
  • For the second year in a row, the Financial Services industry suffered the most cyberattacks against it, accounting for 27 percent of attacks across all industries. 

The IBM X-Force Threat Intelligence Index is comprised of insights and observations from data analyzed via hundreds of millions of protected endpoints and servers across nearly 100 countries. IBM X-Force runs thousands of spam traps around the world and monitors tens of millions of spam and phishing attacks daily while analyzing billions of web pages and images to detect fraudulent activity and brand abuse. 

Get the full report here