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.
Ransomware is set to be a $1bn business in 2016, with attacks rising 6,000% this year, compared to 2015, according to a study by IBM Security. Despite FBI 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 more than $40,000. 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.