Security News > 2018 > January > The rise of ransom hacks, and the potential impact on your business

The percentage of companies reporting financially motivated cyber attacks has doubled over the past two years, with 50% of companies experiencing a cyber attack motivated by ransom in the past year, according to Radware. As the value of bitcoin and other cryptocurrencies has appreciated, ransom attacks provide an opportunity for hackers to cash out for lucrative gains months later. Ransom attacks “The rapid adoption of cryptocurrencies and their subsequent rise in price has presented hackers … More →

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