Ransomware spiked 752% in new families

2016 was truly the year of online extortion. Cyber threats reached an all-time high, with ransomware and Business Email Compromise (BEC) scams gaining increased popularity among cybercriminals looking to extort enterprises. A 752 percent increase in new ransomware families ultimately resulted in $1 billion in losses for enterprises worldwide, according to Trend Micro. Monthly number of ransomware families added Trend Micro and the Zero Day Initiative (ZDI) discovered 765 vulnerabilities in 2016. Of these, 678 … More

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