Just when you finished securing all of your private information to make it safe from identity thieves, along comes ransomware. This increasingly popular and disruptive form of cybercrime – which makes files and data stored on computers inaccessible unless a ransom is paid – was once an obscure niche for hackers. In addition to individual PC users, ransomware attacks are now affecting larger systems including government agencies and some of the world’s biggest corporations. With sophisticated ransomware software available online for hackers to use and the rise of anonymous digital currencies such as bitcoin, chances are good that the attacks will continue to evolve and multiply.
COO and Co-Founder of Northstar Investment Advisors.