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Ransom malware gangs making huge profits, Symantec discovers

John E Dunn | Nov. 12, 2012
The problem of ransom malware has reached epidemic proportions and could be extracting fraudulent payments from as many as 3 percent of victims, a Symantec report has calculated.

The firm identifies three eras of ransomware, starting with isolated file encryptors that originated in Russia in 2006. By 2009 the phenomenon was expanding to the lock screens that demand payment; by 2011 ransomware was sophisticated enough to take payments through electronic systems and had started using impersonation as its major line of attack (where criminals will pretend to represent police forces).

 

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