What to expect from and how to resist the fastest growing sector of cybercrime in 2017?
http://images.techhive.com/images/article/2016/06/ransomware_locked_computer_stock_image_cropped-100664749-large.jpg
8th February 2017 By Ilia Kolochenko
Technically speaking, almost all components of ransomware, such as spear phishing, watering hole attacks involving popular and trustworthy websites, antivirus evasion techniques or data encryption algorithms, are well-known and have been used separately by hackers since years. However, modern ransomware certainly merits a classification as one of the most evolving sectors of cybercrime in 2017.
Though it is quite difficult to calculate the overall damage caused by ransomware in 2016, some researchers state that cybercriminals received over $1 billion in ransom payments last year. Others mention a 3,500% increase in the criminal use of infrastructure that helps run ransomware campaigns. Carbon Black says that ransomware is the fastest growing malware across industries, up 50% in 2016. Technology (218%), utilities and energy (112%) and banking (93%) saw the highest year-on-year ransomware growth last year.
Full Article
