Despite all the recent attention paid to ransomware, cybercriminals walked away with $5.3 billion from business email compromise (BEC) attacks compared with $1 billion for ransomware over a three-year stretch, according to Cisco’s 2017 Midyear Cybersecurity Report released today. Cybercriminals are increasingly taking a practical approach to their pilfering, going for the fastest method that they can steal a buck, or in this case, billions, says Steve Martino, Cisco’s chief information security officer.

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