By the end of 2015, we predicted that 2016 would be the Year of Online Extortion. This particular forecast was influenced by the proliferation of stolen data from data breach incidents used for online extortion, and an increasing number of similar online threats.
True enough, the first half of 2016 witnessed a surge of ransomware attacks launched against a variety of industries. During the first half of 2016 we blocked and detected almost 80 million ransomware threats. The rapid rise of ransomware cases could be a clear indication of ransomware’s effectiveness in granting cybercriminals the satisfaction of easy monetary reward. With the rising number of ransomware cases and more enterprises continuously losing money and opting to pay ransom, we believe that the Reign of Ransomware will stay prevalent.