Ransomware Gang Claims Fortune 500 Company Hired Them to Hack the Competition | Motherboard

Ransomware—computer viruses that lock a victim’s files and demand a payment to get them back—has become so common that experts believe it’s now an “epidemic.” Security experts have always assumed that ransomware hackers are in it for the ransom. But a shocking claim made by one ransomware agent suggests there may be another motive: corporate sabotage. In an exchange with a security researcher pretending to be a victim, one ransomware agent claimed th

Is Extortionware the Next Big Threat?

By Stu Sjouwerman, for KnowBe4.com Security Awareness Training TK Keanini, CTO, Lancope wrote a 2015 Predictions editorial over at SC Magazine. He said he expects more malware like CryptoLocker and CryptoWall over the next 12 months, but also something new called “extortionware”. I wholeheartedly agree what he said: “Ransomware remains profitable, and cybercriminals are always looking for areas to grow their business. To date, victims have mainly been in