In 2017, ransomware, the use of weaponized encryption to block access to a computer system or service until a ransom is paid, is all the rage among hackers. In fact, ransomware is now one of the top three most common malware threats.
The situation is dire, with hackers requesting ransoms of up to $73,000 per attack. Ransomware payments totaled more than $1 billion in 2016, a massive jump from the mere $34 million paid in 2015.