How Researchers Are Fighting Back Against Ransomware

November 25, 2019

For too long, cybercriminals have been raking in billions of dollars from businesses around the globe through the use of crypto-ransomware. This is a specific type of ransomware that uses encryption technology to ‘scramble’ the data of its victims. The victim is then instructed to pay a ransom, by a specific deadline, to have their data decrypted. The threat is increasing. Global losses have risen from $5 billion in 2017 to an anticipated $11.5 billion by the time 2019 is out. New variants such as Phobos and Ryuk are now making the news with Los Angeles IT Consulting firm DCG Inc. revealing, in a recent blog post, that Phobos increased its prevalence by 940% through 2019. Worrying times!

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