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Paid Ransomware Bounty Reached $1 Billion in 2016: Report

Jan 07, 2017 12:33 PM EST

A security expert claims that cybercriminals using the ransomware tactic have amassed a collective bounty of about $1 billion last year. This figure is based on the amount of money that went into Bitcoin wallets believed to be controlled by ransomware operators.

San Francisco Municipal Railway System Held Hostage by Hackers

Phenny Lynn Palec |

Nov 28, 2016 06:45 PM EST

Commuters of the San Francisco Municipal Railway got a surprise this weekend when the system's computerized fare system was breached and held hostage by hackers. The operator of the public railway system said that the hack took place on Friday afternoon.

Ransomware Uses Facebook, LinkedIn to Deliver Malware Infected Images

Phenny Lynn Palec |

Nov 28, 2016 09:57 AM EST

Security researchers from Check Point recently discovered a new variant of a known ransomware called Locky. This ransomware takes advantage of flaws in the way social networking platforms like Facebook and LinkedIn handle images.

FLocker Ransomware: New Malware Strain Infects Android Smartphones and SmartTVs

Phenny Lynn Palec |

Jun 15, 2016 07:25 AM EDT

Security researchers at Trend Micro reported the emergence of a new strain of ransomware that has the capability of locking down smartphones and smart televisions running on the Android operating system. Dubbed as FLocker or Frantic Locker, the malware has been in circulation since April 2015.

The flagship operating system of Apple was recently attacked, for the first time, by a ransomware called KeRanger.

Apple’s Mac OS Suffers First Ransomware Attack

Phenny Lynn Palec |

Mar 08, 2016 09:26 PM EST

It appears that the Mac computer is not as safe as many people would believe it is. The flagship operating system of Apple was recently attacked for the first time by a ransomware called KeRanger. The ransomware was hidden deep in the popular BitTorrent application Transmission and infected Mac users when they downloaded that latest version of the application.