How cybercriminals could demand better ransoms

‘You’ve infected a computer, locked it down and demanded a ransom. Congratulations, you’re a cybercriminal. The bad news is that you’re doing a terrible job of maximizing profits.

Ransomware was an estimated $1 billion-per-year industry as of 2016, but new research from computing and economics academics at the University of Kent shows that the ‘unsophisticated’ techniques of ransomware criminals could easily be refined and ‘could lead to dramatic increases in profits at relatively little cost.”

This is an excerpt from an article published in Cyberscoop on research by Kent’s School of Computing and Dr Edward Cartwright and Dr Anna Stepanova of the School of Economics.

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