A Turkish computer programmer had a simple idea—create functional ransomware with backdoors and offer it for free to educate programmers. If any hackers used the malware to encrypt someone’s files, victims could use the backdoors to restore their data. The...

Lloyd’s of London, a renowned insurance marketplace, has released a 56-page report detailing possible outcomes of an extreme cyber attack. Lloyd’s sought to give guidance to insurance underwriters with “realistic and plausible scenarios” to accurately predict damages. Two Simulations Predict...

The potential threat of a ransomware attack became a reality for the St. Louis Public Library on Jan. 19. Hackers took down approximately 700 computers used by both staff and the public in the library system’s central location and 15...

Ransomware grew into a billion-dollar industry in 2016, and from all appearances, it’s just getting started. The malware’s demonstrated ability to bring in money with little upfront investment, along with the outsourcing of the technical work through Ransomware-as-a-Service (RaaS), will...

If you had to use one word to describe ransomware in 2016, that word would have to be proliferation. The number of attacks increased, tactics varied, malware variants multiplied, and ransoms grew. Several high-profile targets were hit causing headaches for...