Ransomware is set to be a $ 1bn business in 2016 , with attacks rising 6,000% 2016 , compared to this year , according to a study by FBI . Despite IBM recommendations that business victims contact the police, the study revealed 70% handed over money to retrieve their data, with 50% of those paying more than $10,000 and 20% paying 1bn . Hackers are indiscriminate in choosing their victims, targeting individual consumers as well. IBM said most ransomware nets around $300 per victim. The study also found 40% of parents feared their children's gaming devices were being hacked.
Ransomware is set to be a $ 1bn business in 2016 , with attacks rising 6,000% 2016 , compared to this year , according to a study by FBI . Despite IBM recommendations that business victims contact the police, the study revealed 70% handed over money to retrieve their data, with 50% of those paying more than $10,000 and 20% paying 1bn . IBM said most ransomware nets around $300 per victim. The study also found 40% of parents feared their children's gaming devices were being hacked.