Americans are the FavoriteTarget for Ransomware & Most Likely To Pay Up

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Symantec, an IT security and software company, has released the latest volume of Internet security threat report and some of the facts written in the report are astonishing. The report states that the U.S was the most targeted country for ransomware and the number of people willing to pay the ransomware was also the highest in the US.

A massive increase in Ransomware:

Compared to the last year, ransomware attacks increased by at least 36% this year. Not only this, but Symantec also spotted more than 100 new ransomware themselves, and most of them were targeting residents of the U.S. Furthermore, the reports suggest that the rate of people paying the ransomware worldwide was 34%, while in the U.S alone, the rate was found to be 64%. Last year an average of $294 per victim was demanded by the hackers. However, this year the number skyrocketed to $1077.

Kevin Haley, director of Symantec, said in an interview, “It’s the country with the most connected computers in the world — give or take China — with a high standard of living and capability of paying are also most willing to pay. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S. is the number one target.”

Kevin Heley said that as long as the people are willing to pay the ransomware, this demand per victim could increase Furthermore shortly.

Not Just Ransomware!

Not only were there an increase in ransomware attacks, but Symantec also noted a general increase in other cyber-attacks as well including DDoS attacks, phishing scams, data breaches and the government entities weren’t spared either.

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