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November 2016

Ransomware Hackers Blackmail U.S. Police Departments

Cyber criminals who have forced U.S. hospitals, schools and cities to pay hundreds of millions in blackmail or see their computer files destroyed are now targeting the unlikeliest group of victims — local police departments. Eastern European hackers are hitting law enforcement agencies nationwide with so-called “ransomware” viruses that seize control of a computer system’s files and encrypt them. The hackers then hold the files hostage if the victims don’t …Read More

Insurance underwriter Beazley: “Ransomware attacks will be four times higher in 2016”

27 Oct inShare The Wall Street Journal is getting the message. They said : “For companies concerned about the soaring number of ransomware attacks–in which hackers take control of data or systems and demand payment to release them–the good news is such ransoms are typically small, often in the hundreds of dollars. The bad news list is longer: These attacks are growing in number and sophistication, encouraged by a high payment …Read More