Ransomware runs riot: Huge rise in online extortion observed

It’s no secret that ransomware is fast becoming a favourite of cybercriminals, and another report has confirmed the dizzying rise of this strain of malware.

Apparently there are now over 120 different families of ransomware, and a massive 3,500% increase has been witnessed in the scope of the net infrastructure which criminals use to run ransomware stings.

The latter statistic comes from Infoblox which monitors the web domains that cybercriminals use to host sites containing information on their malware and payment instructions – along with the payment systems themselves (which invariably involve extorting a considerable chunk of virtual cash in the form of Bitcoins).

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