CNBC December 30, 2024
Key Points
– Dating back to the 1980s, ransomware is a form of malware used by cybercriminals to lock files on a person’s computer and demand payment to unlock them.
– The technology — which officially turned 35 in December — has come a long way, with criminals now able to spin up ransomware much faster and deploy it across multiple targets.
– Experts expect ransomware to evolve even further, with modern-day cloud computing tech, artificial intelligence and geopolitics shaping its future.
Ransomware is now a billion-dollar industry. But it wasn’t always that large — nor was it a prevalent cybersecurity risk like it is today.
Dating back to the 1980s, ransomware is a form of malware used by cybercriminals...
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