Ransomware Expected to Hit $1B in 2017

Ransomware Expected to Hit $1B in 2017

While there are many types of malware, including viruses, worms, Trojans, Spyware, Adware, and others, ransomware has gained the most notoriety over the last few years in part due to the popularity of crypto currency such as Bitcoin, as well its brazen ability to grind productivity to a complete halt.Simply put, ransomware is a considerable revenue generator. For example, CryptoWall v3 reported $325 million in global profit alone. Furthermore, the FBI claims that in just three months of 2016 ransomware cost victims in the United States a whopping $209M. At its current pace, this criminal malware could easily generate $1 billion or more for the criminal syndicates using it by the end of 2017. read more