Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Last year, Ransomware spiked 6,000% and most victims paid the hackers, IBM finds

222spora-ransomwareSpam emails loaded with ransomware — malware that scrambles data and demands a ransom to decode it — increased 6,000 percent this year compared with 2015, a new study from IBM Security found. Ransomware was in almost 40 percent of all spam messages in 2016.

The problem is, the business model works: 70 percent of business victims paid the hackers to get their data back, the study found. Of those who paid, 50 percent paid more than $10,000 and 20 percent paid more than $40,000.

Ransomware is on track to be a $1 billion business in 2016, despite the fact that the FBI recommends victims not pay their attackers but contact law enforcement instead. Read article here