Warning to all merchants: beware of Ransomware!

Warning to all merchants: beware of Ransomware!

Warning to all merchants: beware of Ransomware!

"Ransomware" attacks are the latest in cyber scams on the Internet and United States is not only the most willing payee, but it’s also the most targeted country in the world.

What is Ransomware?

Ransomware is a type of malware installed on a computer or server that encrypts the files, making them inaccessible until a specified ransom is paid. Ransomware is typically installed when a user clicks on a malicious link, opens a file in an e-mail that installs the malware, or through drive-by downloads (which does not require user-initiation) from a compromised Web site.

According to Symantec’s Internet Security Threat Report, ransomware attacks intensified in size, number and type.

Here are the numbers:

100 | Amount of new malware families launched in 2016

36 percent | Global increase in ransomware attacks

266 percent | Increase of average amount of money asked for in ransomware attacks

$1,077 | Average amount of money demanded per person in 2016

$294 | Average amount of money demanded per person in 2015


About Netcom PaySystem

To learn more about Netcom PaySystem payment processing solutions, simply fill out this quick online application to get started and a representative will be in contact within 24-48 hours or for faster service please feel free to contact us at 800-875-6680.

Netcom PaySystem prides itself on being as eager to practice good, old-fashioned customer care as it is to pioneer new products. Netcom PaySystem is proud to provide the most up to date and innovative products such as m-Commerce Mobile Solutions, ISV/SDK and Virtual Terminal solutions. In addition, the company offers the merchant access to Tablet Based POS Systems, eCommerce, Recurring Billing, Credit and Debit Card Processing, Gift and Loyalty Cards, and Merchant Working Capital.