Experts believe the next WannaCry may go up for sale this Summer
Cybercrime

Experts believe the next WannaCry may go up for sale this Summer

Ransomware became a billion-dollar industry in 2016. The likes of Locky, Cryptowall, CryptXXX, and Cerber – which infect a network, often via email, then encrypt files or devices before demanding a ransom – each brought in over $50 million each last year.

And this trend has only sped up in the last few years. There was a threefold increase in the number of ransomware attacks between 2015 and 2016, according to Kaspersky.

Why? The attacks are easy to create – it’s now fairly simple to find low quality, customisable ransomware kits on the dark web – low effort, and offer a high reward. A new study from Citrix found UK businesses, for example, where willing to pay average of £136,000 [$172,000] to regain access to IP or business critical data, and increase of more than 360% on the previous year’s study.


The latest example of a successful ransomware attack was WannaCry, an attack which hit mainstream headlines across the world.

 

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Dan Swinhoe

Dan is Senior Staff Writer at IDG Connect. Writes about all manner of tech from driverless cars, AI, and Green IT to Cloudy stuff, security, and IoT. Dislikes autoplay ads/videos and garbage written about 'milliennials'.  

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