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.

[ We collate the opinions of 31 experts to discover the things businesses really need to know about the dark web. Check out: The dark web & business report: A seedy Dickensian underworld online ]

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


To continue reading...


« C-suite talk fav tech: Jeremy Leonard, Appraise Digital


Hacking India: Developers build vertical applications for local market »
Dan Swinhoe

Dan is a journalist at CSO Online. Previously he was Senior Staff Writer at IDG Connect.

  • twt
  • twt
  • twt
  • Mail

Recommended for You

Trump hits partial pause on Huawei ban, but 5G concerns persist

Phil Muncaster reports on China and beyond

FinancialForce profits from PSA investment

Martin Veitch's inside track on today’s tech trends

Future-proofing the Middle East

Keri Allan looks at the latest trends and technologies


Do you think your smartphone is making you a workaholic?