IC3 Issues Alert Following Surge in Ransomware Schemes
Ransomware continues to spread and is infecting devices around the globe, an alert from the FBI's Internet Crime Complaint Center (IC3) said Tuesday. CryptoWall is the most current and significant ransomware threat targeting U.S. individuals and businesses and has been…
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actively used to target U.S. victims since April 2014, the IC3 alert said. “The financial impact to victims goes beyond the ransom fee itself, which is typically between $200 and $10,000,” the alert said. “Many victims incur additional costs associated with network mitigation, network countermeasures, loss of productivity, legal fees, IT services, and/or the purchase of credit monitoring services for employees or customers.” Between April 2014 and June 2015, the IC3 received 992 CryptoWall-related complaints, with reported losses totaling more than $18 million. Ransomware problems begin when an individual clicks on an infected advertisement, email or attachment, or visits an infected site, the alert said. “Once the victim’s device is infected with the ransomware variant, the victim’s files become encrypted.” Once a victim pays a ransom fee, usually with a digital currency like Bitcoin, they can regain access to the files that were encrypted, it said.