Ransomware attacks escalate 118% in the first quarter, report reveals

The August release of the McAfee Labs Threats Report revealed that the ransomware attacks and cryptojacking malware have witnessed a multifold increase in the first quarter of 2019. Touted as the encrypted decentralized substitute to fiat currencies, cryptocurrencies have started to gain traction for their highly sophisticated and progressive designs. However, as avant-garde as the technology may seem, it is still vulnerable to deadliest forms of malware and ransomware attacks. Cryptojacking and ransomware attacks on the rise McAfee Labs Threats Reports offer useful insights into the institutional cybersecurity threats looming over the global business platforms. In its August edition, the