Andrew Hay, cofounder and CTO at LEO Cyber Security, provided a detailed historical landscape of K&R (kidnap and ransom) in his talk titled The Not-so-Probable Future of Ransomware at SOURCE Boston 2017 on Wednesday. Hay said the evolution of tactics in the online world, parallel traditional extortion rackets dates back to biblical times. There was more risk, but much greater reward in kidnapping someone rich or famous, since their families would have plenty of money to pay ransoms.”]
Source: https://www.csoonline.com/article/3192804/present-and-future-ransomware-tactics-model-the-past.html