‘SamSam’ Ransomware Has Made $300,000 a Month Since 2016

[kreslik.news]

Sophos, a British cybersecurity firm, has released a 47-page report on a computer virus called SamSam that has extorted a total of $5.9 million in Bitcoin from 233 victims since late 2015.

The report reveals that the scam has been making an average of $300,000 every month since 2016.

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What is ransomware?

Ransomware is malicious software that encrypts the information on a victim’s computer. It is so called because the hacker will demand a ransom in return for access to the computer, or for refraining from publishing certain information.

The first known ransomware attack was perpetrated in ... (read more)