Get the latest tech news
Ransomware hackers raked in $1 billion last year from victims
Despite efforts to contain the ransomware criminal ecosystem, the promise of wealth and the relative lack of consequences have spurred more ransomware hackers than ever before.
Victims of ransomware paid their attackers more than $1 billion last year, a new report has found, a record high that shows that many cybercriminals are raking in money by extorting people and institutions with near impunity. The Treasury Department has sanctioned some ransomware groups and cryptocurrency companies accused of laundering their funds, making it difficult for victims in some circumstances to legally pay off their hackers. According to a Securities and Exchange Commission filing, the fallout from lost business and replacing damaged computer systems cost the company around $100 million.
Or read this on r/technology
