Security

RANSOMWARE CYBERCRIMINALS STOLE $1 BILLION IN 2016

Ransomware continues to be a highly profitable industry, earning criminals over a billion dollars last year...even before the very malicious WannaCry made news worldwide. Organizations big and small have been impacted, as well as individual people. 2016 also showed more than a 750% increase in the number of ransomware variations.

What caused the explosion in ransomware attacks and paid ransoms to grow at such a staggering rate? In short, new capabilities.

WANNACRY RANSOMWARE TARGETS MILLIONS WORLDWIDE

WannaCry ransomware first appeared in April and a large scale attack hit a variety of industries in over 150 countries on Friday. It started in Europe but has gone global, disrupting many organizations and causing some to decide to shut down their entire IT infrastructure in response. While the exploit used by WannaCry was stolen from the NSA’s spy tools depository, the attacks do not appear to be political in nature.

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