Half of companies suffer financially motivated cyber attacks

Cyber attacks driven by ransom demands are on the increase as criminals seek to cash in on the soaring values of crypto currencies according to a new report. The 2017-2018 Global Application and Network Security Report from cyber security company Radware finds that reported ransom attacks surged in the past year, increasing 40 percent from the 2016 survey. Half of companies surveyed suffered a financially motivated attack in the past year. "The rapid adoption of cryptocurrencies and their subsequent rise in price has presented hackers with a clear upside that goes beyond cryptocurrencies' anonymity," says Andrew Foxcroft, regional director for… [Continue Reading]