Ransomware attacks are taking a greater toll on victim’s wallets
The hackers spreading ransomware are getting greedier. In 2016, the average ransom demand to free computers hit with the infection rose to US$1,077, up from $294 the year before, according to security firm Symantec.
“Attackers clearly think that there’s more to be squeezed from victims,” Symantec said in a Wednesday report.
In addition, the security firm has been detecting more ransomware infection attempts. In 2016, the figure jumped by 36 percent from the year prior.
That doesn’t bode well for the public. Ransomware is notorious for taking over computers, and essentially holding them hostage. To do so, the malicious coding encrypts all the data inside, and then demands a fee, usually in bitcoin, in exchange for releasing the machine.