Friday, August 23, 2019

Effects of cyberextortion

The cyber economy research firm Cybersecurity Ventures predicted that the annual global cost of damage from ransomware would be greater than $11.5 billion by 2019, up from $325 million in 2015. In its "2017 Annual Cybersecurity Report," Cisco reported that ransomware is growing at an annual rate of 350%. While Cybersecurity Ventures estimated that ransomware damages would exceed $5 billion in 2017, that is still just a fraction of the nearly $600 billion cost of cybercrime in 2017 estimated by McAfee.

Read on:

https://searchsecurity.techtarget.com/definition/cyberextortion

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