FACT: Ransomware Hackers Collected over $1 BIllion in 2016

Imagine being part of an IT segment with sky-rocketing growth, increasing success with massive deployment worldwide and revenues expected to triple in 2017 from the $1 billion it brought in for 2016. It’s an industry that is constantly evolving with new versions of the software being released and deployed every day.

 

We’re talking about ransomware, a form of malware that locks up customer’s data. The malware programming community continues to infiltrate and block access to more and more devices expanding the web of victims.

 

Then ransomware distributors demand payment in exchange for a key to unlock the encrypted files, bringing in billions of revenue.

• Locks victims’ files with strong unbreakable encryption

• Demands payment for a private key to unlock data

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