Enterprises Lose US$209m To Ransomware In First Half of 2016
Distribution of this malware is showing signs of innovation as well. Criminals have been switching between exploit kits, spam campaigns, and social engineering attacks to secure their payday. The topic of ransomware never seems to be far away these days. Online threats are a significant concern for both individual users and enterprises around the world. With the first half of 2016 behind us, it is evident ransomware will not go away anytime soon. Enterprises lost US$209m due to these attacks in the first six months of 2016. Ransomware Leads To Mounting Financial Losses. The new report,....
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One thing seems certain: it will become harder to detect this malicious software in the future. One of the most popular trends in 2016 has been the surge in ransomware deployment. Over the coming 12 months, this situation will only get worse. Enterprises and users are advised to take the necessary precautions to nip these attacks in the bud. In the first week of the new year, new types of ransomware have made their presence known already. KillDisk is a type of malware that has been around for some time already. A new version of this ransomware strain has security researchers concerned,....
Up to this point, there have been two main reasons people decide to use bitcoin— either for censorship-resistant payments or as a store of value. However, in 2016, a new application for the use of Bitcoin as a censorship-resistant payment system, ransomware, experienced immense growth. According to some industry watchers the core issue with ransomware....
Nearly 1.2 million money-stealing malware incidents were discovered in Q3 of 2016. Additionally, over 821,000 unique device crypto ransomware attacks were successfully blocked. Every time a report related to ransomware is published, there is a growing reason for concern. Although the public knows about this threat, the number of attacks continues to increase. In fact, a new Kaspersky Labs report indicates things are starting to get out hand rather quickly. In Q3 of 2016, there have been 3.5 times as many ransomware modifications as before. Criminals seem to be enjoying themselves when it....
Bitcoin ransomware is one of the biggest threats individuals, and enterprises are facing today. CryptXXX has the potential to become one of the most dangerous versions of this malware to date. Bitcoin users who have been keeping an eye on this history of crypto-ransomware will remember the name Reveton, which was one of the very first types of this....
Beware of phishing attacks when in Las Vegas, according to a new study. Sin City has been found as the most likely place to catch Bitcoin ransomware in the United States. The unsuspecting, lay internet user is most prone to ransomware infections in Las Vegas, a survey by internet security company Malwarebytes revealed. Ransomware is malicious computer code that’s commonly downloaded via email attachments. These are distributed using phishing attacks, where the malicious contents are housed within a seemingly friendly email. The code essentially takes a user’s computer hostage, accompanied....