70 percent of businesses are willing to pay up for ransomware

We've already seen this week that ransomware is an increasingly popular attack method. The fact that it's a profitable activity for cyber criminals is underlined today by a new report from IBM Security which reveals that 70 percent of businesses pay up to regain access to their data. This puts criminals on target to make nearly $1 billion in 2016 from their use of the malware. Indeed, the report shows that ransomware made up nearly 40 percent of all spam e-mails sent in 2016, up from less than 0.6 percent in the previous year. The IBM X-Force study surveyed 600… [Continue Reading]