By:Chris Ensey
Ransomware attacks function by breaching systems, usually through infected email, and locking important files or networks until the user pays a specified amount of money. According to FBI statistics cited in a Malwarebytes report, hackers gained more than $209 million from ransomware payments in the first three months of 2016, putting ransomware on track to rake in nearly $1 billion this year.
Many companies have figured out that they can avoid paying these ransoms by wiping a system clean, restoring it with backup drives, and going about business without being held hostage. But as a result of increased ransom-avoidance, cybercriminals have created an even more insidious threat. Imagine malware that combines ransomware with a personal data leak: this is what the latest threat, doxware, looks like. [Read more…]
Source: Dark Reading