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FBI raises alarm over ransomware targeting U.S. businesses

March 29, 2016

(Reuters) – The FBI is asking businesses and software security experts for emergency assistance in its investigation into a pernicious new type of “ransomware” virus used by hackers for extortion.

“We need your help!” the Federal Bureau of Investigation said in a confidential “Flash” advisory that was dated March 25 and obtained by Reuters over the weekend.

Ransomware is malicious software that encrypts a victim’s data so they cannot gain access to it on their computers, then offers to unlock the system in exchange for payment.

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