Bitcoins have helped facilitate large increase in Ransomware Attacks

August 23, 2016

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 1st 3 months of this year.  Average cost of the attack is around $10,000.

https://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.

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