Despite a significant decline last December, last year as a whole saw a near 60% increase in cybercrime attacks on businesses, with global losses estimated at $1.5bn (€1.12bn).

LIBYA has agreed to set up a €2.4 billion fund for families of 270 people killed in the 1988 Pan Am bombing, the families' lawyers said, a move that could end UN sanctions and resolve an issue that has made the country an international pariah.

Talks between British, American and Libyan officials about the Lockerbie bombing are making progress, with negotiators from the North African country reportedly “closer” to accepting responsibility for the 1988 attack.

Families of those killed when a bomb exploded aboard Pan Am Flight 103 over Lockerbie expressed emotions ranging from rage to scepticism to grudging acceptance of a €2.8bn settlement offer from Libya.