Firms being held to actual ransom by a new wave of cyber criminals

Firms being held to actual ransom by a new wave of cyber criminals
Ronan Murphy, chief executive of Smarttech247 Picture: Cathal Noonan

Ransomware attacks - when a company’s data is encrypted and they are blackmailed for the key - is now a $1 trillion industry, and attacks are on the rise, writes Emmet Ryan

One of Ireland’s top IT security firms paid out €500,000 worth of bitcoin in ransom for its clients in just the first six weeks of 2019.

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