Bitcoins have helped facilitate large increase in Ransomware Attacks

According the link to the attached Wall Street Journal Article, ransomware attacks have quadrupled this year from a year ago.  The FBI has stated that the attacks cost victims over $209 Million in the 1^st 3 months of this year.  Average cost of the attack is around $10,000.

http://www.wsj.com/articles/in-the-bitcoin-era-ransomware-attacks-surge-1471616632

Bitcoins are now the preferred payment method for most ransomware infections as it allows the criminal to remain hidden when collecting payment.

L Squared Insurance Agency can help provide cyber insurance coverage to help with the cost should an attack occur on your system.   Specializing in Law Firms, Accounting Firms, Title Agencies and Dentist, we have a number of carriers, that provide cyber/data breach insurance protection that can be tailored to the specific needs.