Botnet ownership is expensive, and to make a profit, criminals must be able to use each and every opportunity to get money out of malware, says Kaspersky Lab.
No financial data, such as credit card information or social security numbers, was compromised but over 2.3 million customers were affected, says T-Mobile.
The wireless services consumer watchdog updates its code of conduct to address the mobile risks posed by malware and ransomware.
Upon installation, the Trojan provides attackers with almost unlimited access to the attacked computer, says Kaspersky Lab.
The ransom varies from 15 to 50 BTC, and has already netted the attackers more than $640 000, says Check Point.
Over and above disruption, cyber extortion has emerged as a motivating factor behind attacks on operational technology environments, says PwC.
Based on an advertisement in underground forums, it seems operators are peddling Princess Evolution as a ransomware as a service, says Trend Micro.
Companies can improve their security IQ by implementing education and training programmes for employees.
Cyber criminals are targeting company and private fax machines to take over networks and steal information, says Check Point.
The research firm expects the worldwide information security products and services market to grow by 8.7% to $124 billion next year.
Over 70% of organisations have been hit by an attack where malicious activity was spread from one user to another via e-mail, says Mimecast.