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Research by U.K.-based internet service provider Beaming Ltd. has found that cyber attacks may have cost British businesses as much as £30 billion ($37 billion) in 2016, Infosecurity Magazine reported. More than 50% of the businesses were victim to a cyber attack during the year. Phishing and viruses were named the most common threats. Ransomware attacks cost the highest at £7.3 billion, followed by phishing attacks at £5.9 billion.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees