Europol to tackle ransomware gangs

ransomware gangs

European police agency Europol is teaming up with cybersecurity companies in an initiative aimed at slowing an exponential rise in ransomware.

The scheme revolves around a website that connects victims and police, gives advice and helps with data recovery.

The number of ransomware victims tripled in the first three months of 2016, according to one estimate.

Ransomware is malware that typically demands a fee to unscramble important data on a compromised device. Read More The Financial Express