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privacy security

Online databases dropping like flies, with >10,000 falling to ransomware

The first story of ransomware in 2017. We’re likely to see more stories about ransomware given its lucrativeness – people/organizations are quite willing to pay a “small” fee to get their data back. This in turns encourages more cybercriminals to turn to ransomware. The rise of cryptocurrencies like Bitcoin also helps to facilitate this as it makes it hard to trace the perpetrators.

More than 10,000 website databases have been taken hostage in recent days by attackers who are demanding hefty ransoms for the data to be restored, a security researcher said Friday.

Source: Online databases dropping like flies, with >10,000 falling to ransomware