Kansas City Managed Services Company Analyzes Ransomware Attacks

In 2016 alone, ransomware affected over 90 million individuals and businesses at an estimated rate of 400 attacks per minute. Yet 70 percent of these go unnoticed, according to ¬†TechRepublic. Cybercriminals use of ransomware show no signs of slowing down. Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid. According to Digital Trends, the average rate for a ransom has soared upwards from $294 in 2015 to $679 this year. Studies show that nearly 50 percent of businesses have been hit with some type of ransomware, with 40 percent of those businesses paid the ransom. Studies also…