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Ransomware attacks are growing

Written by Nick Dinsmoor

March 10, 2020

Ransomware attacks are growing

According to The New York Times, ransomware attacks are on the rise. The online assaults, where hackers lock down entire networks and demand payments for their release, have forced the closure of small businesses, disrupted factories and crippled governments globally.

In 2019, 205,280 organizations reported hacks which is up 41% from 2018. Also on the rise is the average payment demanded to release files, hitting $84,115 last quarter (which is more than double the previous quarter). The FBI warns ransomware attacks are becoming more targeted, sophisticated and costly.

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