Which industry went from nearly zero to 1 billion dollars in 2016? If you guessed ransomware, you would be right. Ransomware payments were expected to hit $1 billion in 2016, according to the FBI. The malware that affected over 100,000 organizations last weekend in 150 countries may have delivered that kind of revenue in a single day to the cyberattackers.
Late last week, reports emerged of a large-scale ransomware attack against the U.K’s NHS hospitals that impacted nearly 50 hospitals; it was later confirmed to be part of a larger international cyberattack. Reports emerged of hospitals turning away ambulances because they feared being unable to treat patients. Hospitals had lost the use of landlines and internet connections, and several hospitals in the U.K confirmed receiving demands for ransomware payments in bitcoin, with deadlines for compliance.
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May 15, 2017 at 08:54PM
from Paddy Padmanabhan
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