To anyone in the cyber security world, this report is not news. However to businesses and governments without deep knowledge of cyber crime, it should be a wake up call. Talking with CISOs, I still find that they struggle to make their voices heard at board level. What will it take for a CISO to join the 'C-suite'?
Europol has released the 2016 edition of its yearly Internet Organised Crime Threat Assessment (IOCTA) report, which has identified an expanding cyber-criminal economy. Europol's 2016 Internet Organised Crime Threat Assessment (IOCTA) is produced by the European Cybercrime Centre (EC3) at Europol. It informs decision-makers at strategic, policy and tactical levels in the fight against cyber-crime, and focuses on three crime areas: cyber-attacks, child sexual exploitation online and payment fraud.