At a fairly recent conference for financial institutions that was offering open, candid discussions and interactive training for cybersecurity leaders in attendance, ransomware was THE hot topic. In fact, this rising attack-type merited a half day of training that involved numerous three-letter agencies.
The reasons for this are simple. As SC Media journalists this month reveal in various stories focused on these rising and increasingly costly attacks, ransomware is fast-becoming a lucrative business for the cybercriminals that leverage them. According to Business Insider, ransomware attacks yield about $25 million in revenue for cybercriminals each year.
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