Ransomware has become one of the biggest cyber security threats in the world, with instances of ransomware in exploit kits increasing about 44% in the last six months. According to FBI statistics, hackers extorted business and institutions for more than $209 million in ransomware payments in the first three months of 2016. The business of ransomware is on pace to be a $1 billion a year crime.
The Global Impact of Ransomware
It’s time to take a hard look at ransomware for good reason: the return on investment for cybercriminals yields tremendous profit for little effort, and they’ve been ramping up efforts to target businesses over the last year. And now there’s data to demonstrate how that increased effort has affected businesses around the world. A couple months ago, Malwarebytes sponsored a report conducted by Osterman Research on the global impact of ransomware. They compiled the most compelling pieces of that data into an infographic. The results speak for themselves.