The threat of ransomware attacks continues to grow. One particular strain of the cryptographic file-locking malicious software has now risen to become one of the top three most prevalent forms of malware used by hackers and cybercriminals.
Ransomware has exploded in 2016 and is increasingly targeting business networks instead of individual users. The total cost of damages related to these attacks is set to top $1 billion this year.
It's the Locky family which is currently most prevalent family of ransomware. The malware infamously took down the network of a high-profile Los Angeles hospital in February, and its notoriety has led to it entering the top three most common forms of malware.