Ransomware spiked 752% in new families

2016 was truly the year of online extortion. Cyber threats reached an all-time high, with ransomware and Business Email Compromise (BEC) scams gaining increased popularity among cybercriminals looking to extort enterprises. A 752 percent increase in new ransomware families ultimately resulted in $1 billion in losses for enterprises worldwide, according to Trend Micro.

Source: Ransomware spiked 752% in new families