Holding valuable data hostage with ransomware, cyber criminals have created a lucrative market for personal information that is even more profitable than other malware, according to Federal Trade Commission Chairwoman Edith Ramirez.

Speaking at a September 7 FTC workshop on ransomware, Ramirez called it a “new business model” for malicious activity is a growing cybersecurity problem across all industries and that no organization is immune from these kinds of attacks.

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