In the cryptocurrency world, it would appear most of the discussions pertaining to ransomware have quieted down. Not because the industry is no longer lucrative, but simply because such attacks have seemingly become so common it isn’t necessarily newsworthy anymore. However, the average Bitcoin payment associated with ransomware attacks has risen significantly.
Ransomware Still Makes the Big Bucks
Over the past few years, there have been numerous news stories involving malware and ransomware. Criminals have fully embraced this new business model to make a lot of money. Despite the best attempts by security researchers to ensure such attacks cannot be profitable, it seems the ransomware industry is still firing on all cylinders. In fact, the longer it remains a business, the higher the overall profitability seems to become.
According to a new report shared by Coveware, it has become apparent criminals still make plenty of money when using ransomware types. More specifically, the average payment requested has increased by…