Ransomware is 35 years old and now a billion-dollar problem. Here's how it could evolve

Ransomware, a form of malware dating back to the 1980s, has evolved into a billion-dollar industry, with cybercriminals using it to lock files and demand payment. In 2023, ransomware attacks resulted in $1 billion in extorted cryptocurrency payments, showcasing its prevalence as a cybersecurity risk. As technology advances, experts anticipate ransomware to continue evolving with the influence of cloud computing, artificial intelligence, and geopolitics shaping its future.

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