With the dawn of 2017, ransomware continues to emerge as a top security threat. This form of attack that encrypts and locks computer files and devices until a ransom is paid looms ominously over large companies, SMEs and even individuals.
Ransomware is part of the top 10 security threat predictions by various analysts and security labs across the world. In 2015, businesses paid $24 million to ransomware attackers, a figure that was expected to jump to $850 million in 2016, according to Carbon Black’s 2016 Threat Report. However, I would shudder to place a number on that total, with many organizations choosing to pay the ransom rather than report the incident.
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