Ransomware emerges as a major threat to American Companies

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Malwarebytes which offers cyber security related products to the corporate world as quoted in its latest report that ransomware has emerged as a governing threat to companies operating in the entire United States. The study report of Malware bytes says that the distribution rate of the said the malicious virus has grown by 267% between January and November last year.

Note- Ransomware is a malicious software which is induced into a corporate database by hackers. The hackers use the software to lock down the database from access and release it only when a said ransom is paid to them.

Malwarebytes 2017 State of Malware report says that though Trojans, spyware, and keyloggers are giving corporate operating in America a big pain, it is ransomware which is inflicting the most pain.

In the last financial quarter of 2016, Malwarebytes Company discovered that 400 different varieties of ransomware were causing a lot of pain to the digital world. The report mainly focused on Windows and Android devices used by both consumer and corporate environments.

Cyber Security firm Kaspersky Lab has issued an alert early this week and said that Ransomware is hitting organizations operating in over 40 countries in an invisible way. The report said that the victims of this malicious software are mostly from finance, telecommunication, and government business sectors.

According to the 2017 Annual Threat Report of Sonicwall, Ransomware attacks increased from 3.8 million in 2015 to more than six hundred and thirty-eight million in 2016. SonicWall touts that Growing interest for digitalization and use of digital currency such as bitcoin has paved way for the spread of ransomware.

Therefore, all these points lead to prove one point that companies operating in America should take extra precautions for keeping data safe and secure from malicious software invasions.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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