Wednesday September 14, 2016

McAfee Labs Report ‘Follows the Money’ to Assess Criminal Operations Behind Hospital Ransomware

Intel Security today released its McAfee Labs Threats Report: September 2016, which assesses the growing ransomware threat to the healthcare industry; surveys the "who and how" of data loss; explains the practical application of machine learning in cybersecurity; and details the growth of ransomware, mobile malware, macro malware, and other threats in Q2 2016. Following a rash of targeted ransomware attacks upon hospitals in early 2016, Intel Security investigated the attacks, the ransomware networks behind them, and the payment structures enabling cybercriminals to monetize their malicious activity. The researchers identified nearly $100,000 in payments from hospital ransomware victims to specific bitcoin accounts. While healthcare is still clearly a small proportion of the overall ransomware ‘business,’ McAfee Labs expects a growing number of new industry sectors to be targeted by the extensive networks launching such attacks.

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