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Ransomware Cost Surpasses $25 Million Mark

Companies and individuals have paid more than $25 million over the past two years to try to get their computer data back from hackers who hijacked it. This is according to new research by Google about the phenomenon….The research, conducted by Google, Chainalysis, University of California at San Diego, and New York University’s Tandon School of...

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Google ransomware tracking finds vicious infection cycle

Ransomware surged last year, becoming a multi-million dollar business that’s so profitable it’s creating a “vicious cycle” of ever-increasing attacks, say researchers at New York University [Tandon School of Engineering] and Google who tracked the criminals’ payment networks. … The findings suggest that even though the last two large ransomware attacks, Wannacry, and Petya, did...

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Google Warns Ransomware Boom Scored Crooks $2 Million A Month

As the ransomware scourge calms down for the summer holidays, Google has taken a retrospective at that particular pesky form of cybercrime, finding it only become massively profitable in the last year and a half. … Their success, and the sudden jump in revenue, is down to their distribution via botnets, in particular one known...

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Ransomware Attacks: Victims Have Paid More Than $25 Million Since 2014

Ransomware attacks have grown increasingly more common in recent years and their impact shows in the wallets of victims. Those who have fallen prey to ransomware have paid more than $25 million in ransoms since 2014, a study found. The data comes from researchers at Google; blockchain analysis firm Chainalysis; University of California, San Diego;...