Beware skyrocketing ransomware

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Source: Security Magazine
Beware skyrocketing ransomware
Ransomware – a cyberattack in which attackers hijack computer systems and demand payment to release them – has skyrocketed from a relative rarity a few years ago to the single biggest type of cybercrime today. And there is no end in sight to its growth trajectory. Last year, 2,354 American government entities, healthcare organizations and schools were the victims of ransomware attacks. The average ransomware payout swelled to $178,000 in the first half of 2020, up from $112,000 a year ago, according to ransomware incident response firm Coveware, and few clandestine culprits were caught.

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