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Monetising malware: How cyber crooks are innovating like legitimate business

Chris Player | June 8, 2017
Australian attacks decrease in volume but increase in ferocity according to new report.

"You are more likely to make more money dealing in Ransomware that is a lot easier to distribute and a lot easier to monetise.

Due to the low cost distribution method of spam and the relatively high success rate of ransomware attacks, Savvides said ransomware would continue to be the number one concern for cyber security professionals.

For Savvides there are market forces at play here too. The majority of ransomware payment demands call for bitcoin payment, a currency which has increased in value significantly in recent years. As a result of the increased value of the currency the dollar cost of ransoms has risen as well.

"The average ransom is close to US$1000 now. We have seen ransoms of US$27,000 or higher but those are mainly targeted at businesses," he explained.

 

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