Virus costs 'billions of dollars' in losses

Updated 2018-01-03 14:30:19

More than 14,000 computers in China were infected with ransomware every day on average, making it the most dangerous and serious virus attack with loss of "billions of dollars," 360, China's biggest cyber security firm, said on Tuesday in a report.

In the first 11 months last year, over 4.72 million computers in China were infected by ransomware, including outbreaks of WannaCry in May and Arena in October and November.

Ransomware are computer virus that locks victims out of their computers and they have to pay hackers to reinstate access.

Only about 11 percent of victims were able to fully recover their files after their computers were infected by ransomware — 5.8 percent recovered data after paying a "ransom" and another 5.4 percent have backup files or data, 360 said.

Globally, ransomwares have created huge losses. WannaCry caused more than US billion loss within the first four days since it broke out in May.

The total loss from ransomware is expected to hit .5 billion in 2019, said research firms without providing 2018 forecasts.

Ransomwares attack computers in government, education, hospital, energy, and telecommunications sectors, according to experts.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 22 2019 19:29:48

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 22 2019 19:29:48

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 22 2019 19:29:48

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords