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Ransomware is now big business on the dark web and malware developers are cashing in

Ransomware is now big business on the dark web and malware developers are cashing in

October 11, 2017

Via: ZDnet
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The total value of ransomware sales on dark web market places has rocketed from $250,000 to over $6m in just a year as demand for the file-encrypting malware grows.

Ransomware has hardly been away from the public eye this year, with global the outbreak of WannaCry making it a bringer of global chaos, while prominent ransomware families like Cerber and Locky continue to be a thorn in the side of organisation around the world.

Ransomware has become a lucrative tool for cyber criminals as it’s easy to buy if you know where to look, attacks are easy to carry out and perhaps most crucially, a large percentage of victims are willing to give into the ransom demands of criminals in order to regain access to their systems.

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