38% of consumers affected by ransomware pay up

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Consumers are increasingly being targeted with ransomware, and many of them are paying up, according to Trustlook.

Since the beginning of 2016, ransomware has gone from a relatively exclusive category of malware utility to a mainstream destructive tool used in wave after wave of phishing attacks against individuals and companies alike. Ransomware is now so widespread that it cost businesses a total of $1 billion in 2016, according to a new report. Moreover, ransomware has been identified by the U.S. Department of Justice as the “biggest cyberthreat” of 2017.

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