Mexico’s Pemex Oil Struck with Ransomware

Hackers Ask for $5 Million in Bitcoin Mexico’s Pemex oil has been struggling to keep it’s credit rating from dropping while it battles declining oil production and paying down heavy debts. In the midst of this turmoil, it was struck this week with a ransomware attack. The hackers gave a “discount period” to the company, […]

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Ransomware Damages Projected to Reach $20B by 2021

Ransomware Damages Increase to $20B in Three Years If we look at cyber crime, as a business instead of the crime that it is, we may begin to understand it a bit better.  This “business” is booming, and there’s no end in sight.  Why?  Because society worldwide is making it profitable.  Any business that is […]

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Ransomware Damages Projected to Total $8 Billion for 2018

Ransomware Damages Expected to Increase 60% Year-Over-Year Last year, PC Matic reported ransomware damages were expected to reach $11.5 billion by 2019; a 130% increase from 2017.  Now, nine months after that initial post, reports are suggesting that total is quite accurate, and unfortunately rather attainable.  According to our friends at KnowBe4, ransomware damages are expected […]

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