In many cases, victims don't report ransomware attacks to law enforcement, creating an artificially low ransomware count. This does not account for lost business, time, wages, files, equipment or third-party remediation costs. In 2018, the FBI's Internet Crime Complaint Center (IC3) received 1,493 ransomware complaints that cost victims over $3.6 million. Cybercriminals rely on Bitcoin and other cryptocurrencies to get paid. Traditionally, ransom payments were demanded via prepaid cash services, Western Union transfers, gift cards or premium rate SMS services. While ransomware has been around for decades, ransomware attacks are becoming more sophisticated, spreading through phishing emails, spear phishing, email attachments, vulnerability exploits, computer worms and other attack vectors.Īs have its methods of payment coercion.
Ransomware, a type of malicious software or malware, is designed to deny access to computer systems or sensitive data until ransom is paid.
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