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Ransomware Targets Over 180 Enterprises In 2016: Trend Micro

The fiscal year 2016 has proven to be a year of online extortion through various malicious attacks. The ransomware malware has targeted over 180 enterprises so far in 2016, security solutions company Trend Micro has revealed. Ransomware, also called Business Email Compromise (BEC), globally caused companies a loss of a whopping $3 billion, the report said. However, no figure has been provided for losses in India. BEC schemes are scam tactics which compromise business accounts in order to facilitate an unauthorized fund transfer and is considered one of the most...
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