Cyber-thieves can reap returns of almost 1,500% when they invest in ransomware

Look at how much cash typical cybercriminals spend and what their potential profits might be: It estimated it would cost $5,900 (£3,860) to buy a ransomware kit that could return up to $90,000 in one month of operation. Experts said people should take precautions and avoid paying up if they get hit.

Ransomware involves a malicious program infecting a machine, scrambling key files and then demanding the machine’s owner pay cash before the data is unscrambled. According to a report from Intel-owned security firm McAfee Labs, high-tech extortion schemes nearly doubled in the first three months of 2015.

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