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Billion Dollar Losses from Ransomwares
July 16 , 2019
1961 days
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- According to data compiled by the Internet Society’s Online Trust Alliance, globally, losses from ransomware rose by 60% last year to $8 billion.
- Two most destructive ransomwares in recent times were ‘WannaCry’ and ‘NotPetya’.
About
- Ransomware is a kind of malware that denies access to important documents or files within a system.
- The user is then asked for a ransom in return for decrypting the files or access to his system.
- Ransomware spreads easily when it encounters outdated or cracked software.
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