Out with botnets! Crypto-ransomware: king of cyber-crime attack modes

Crypto-ransomware has surpassed botnets as the most popular attack method of choice for cyber-criminals.
Danielle Correa, Production Editor
According to research from Trend Micro, 83 percent of all extortion attacks were made by using crypto-ransomware in the fourth quarter of 2015.
“Crypto-ransomware threats have a significant impact on businesses; often the damage done due to downtime and data recovery costs is well beyond the ransom required to restore the files,” said Indi Siriniwasa of Trend Micro Australia and New Zealand. “Australian businesses need to consider their response to these threats which demand a holistic approach to IT security.”
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Source: http://www.scmagazineuk.com/