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A Scary New Malware is on the Rise — Here’s How to Protect Yourself

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This is one message that may appear if your computer becomes infected with ransom ware. (Courtesy of McAfee Labs Threat Report)

(Business Insider) – A scary malware is on the rise and it could end up costing you a fortune.

Ransomware, which is a type of malware that holds your mobile phone, computer, or certain files on your computer hostage until money is paid, is increasingly becoming a cyber criminal’s favorite kind of weapon.

In fact, there was a 165% increase in new ransomware during the first quarter of 2015, according to a data published Tuesday by the security firm McAfee.

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