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Held for ransom by the digital 'mob'

Taylor Armerding | Jan. 6, 2015
Everybody has heard of business owners forced to pay "rent" to mobsters to ensure that their building doesn't "accidentally" burn to the ground or suffer some other deliberate misfortune.

Or, maybe it will just take the masses being hit with ransom demands, even if they are relatively small.

"Ransomware is going to touch you hard," Howard said, speaking on the panel. "The consumer is going to feel it. We're going to see a lot more complaints about that, once EMV reduces card-present fraud, which gets covered by the banks. Wait until they start poking you for $20 a month to start your car."

 

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