The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018, according to Internet Society’s Online Trust Alliance (OTA).

The data shows that cybercriminals are getting better at monetizing their activities, with OTA estimating the more than 2 million cyber incidents in 2018 resulted in over $45 billion in losses, with the actual numbers expected to be much higher as many cyber incidents are never reported.