27 Aug '16, 9am

U.S. Government: Ransomware Attacks Have Quadrupled This Year

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Ransomware attacks have quadrupled this year over last year, averaging 4,000 per day, according to the U.S. Justice Department, The Wall Street Journal reported in a front-page story recently. This is because ransomware has become easier to deploy and more profitable than other scams, and bitcoin is more widely used. The FBI noted ransomware costs totaled $209 million in the first three months this year, compared to a total $24 million for all of 2015. Costs include lost productivity and time needed to recover files. Ransomware losses averaged $333,000 per incident in the first three months of 2016, compared to $10,000 per 2015 incident. Major Attack: Los Angeles Hospital A Los Angeles hospital, Hollywood Presbyterian Medical Center, paid hackers $17,000 in February...

Full article: https://www.cryptocoinsnews.com/u-s-government-ransomware...

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