Study: Cybercriminals are feeding off of America’s small businesses

A study released by data security solutions firm Datto, found that small-to-mid-sized businesses paid $301 million in ransomware – or malicious software that blocks access to a system until a ransom is paid – to hackers last year alone. The company said 5% of all small-to-mid sized businesses across the globe fell victim to a ransomware attack in 2016.