Two Florida Cities Paid $1.1 Million to Ransomware Hackers This Month

In the last two weeks, Florida has paid more than $1.1 million in bitcoin to cybercriminals to recover encrypted files from two separate ransomware attacks—one against Riviera Beach and the other against Lake City. Lake City, a city in northern Florida, agreed on Monday to pay hackers 42 Bitcoin (equivalent to $573,300 at the current value) to unlock[…]

ran·som·ware Can it affect you?

ran·som·ware ˈransəmˌwe(ə)r/ noun a type of malicious software designed to block access to a computer system until a sum of money is paid. Part 1: The Ransomware Business is Still Booming Nearly 50 percent of organizations have been hit with ransomware Source: Osterman Research According to a June 2016 survey from Osterman Research, almost one[…]