Mobile ransomware attacks focus on wealthy countries. An annual report from Woburn, Mass.-based Kaspersky Lab. showed the United States leading the ransomware list, followed by Canada, Germany and the United Kingdom.
The report from April 2016 to March 2017 revealed mobile ransomware activity skyrocketed in the first quarter of 2017 with 218,625 mobile Trojan-ransomware installation packages, which is 3.5 times more than in the previous quarter.
Despite a small reprieve, the mobile threat landscape is still arousing anxiety, as criminals target nations with developed but easily compromised financial and payment infrastructures. Developed markets not only have a higher level of income, but also more advanced and widely used mobile and e-payment systems.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
