The private sector is continually plagued with cybercrimes. The financial loss from cybercrimes exceeded $1.3 billion in 2016. Per the Federal Bureau of Investigation, the most prevalent types of attacks are data breaches, malicious e-mails, and forms of extortion. While the list of events in this Issue Brief is not exhaustive, neither should it necessarily be used to punish those who were victims. Instead, it is important to continue analyzing the ever-evolving threats in cyberspace. Congress needs to have a serious debate over how it can enable private companies to better secure their networks with active cyber defense.
Read the whole report at The Heritage Foundation.
