×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Cybercrime | Ransomware

Europol: Ransomware Now Top Cybercrime Threat

Wednesday, 28 September 2016 08:27 AM EDT

PARIS (AP) — European police agency Europol says the threat from ransomware has now eclipsed other forms of online theft, a sign of how quickly the computer-scrambling software has found favor in the electronic underworld.

Ransomware typically works by taking computers hostage, encrypting the files on victims' hard drives until they cough up the money demanded to unscramble the data. Criminals often demand payment in the electronic currency Bitcoin.

Hospitals, government agencies and even police forces the world over have fallen victim to the scam, which is usually spread through booby trapped links or attachments. More recently, researchers are warning of a new, self-propagating strain of ransomware that can spread without human interaction.

In a report released Wednesday, Europol said ransomware was "overshadowing traditional malware threats."

Online:

Europol's report: https://www.europol.europa.eu/content/internet-organised-crime-threat-assessment-iocta-2016

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
European police agency Europol says the threat from ransomware has now eclipsed other forms of online theft, a sign of how quickly the computer-scrambling software has found favor in the electronic underworld.Ransomware typically works by taking computers hostage,...
EU,Cybercrime,Ransomware
129
2016-27-28
Wednesday, 28 September 2016 08:27 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved