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.

IllenaArmstrong
IllenaArmstrong

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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