PRIVACY + SECURITY BLOG

News, Developments, and Insights

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Ransomware on a Rampage

Ransomware Training 01

Ransomware is on a rampage!  Attacks are happening with ever-increasing frequency, and ransomware is evolving and becoming more powerful.

Several major media sites, such as the New York Times, BBC, AOL, and the NFL, were recently infected with malware that directed visitors to sites attempting to install ransomware on their computers.

Ransomware Malware Training

Ransomware has the potential to attack the Internet of Things.  In one instance, a researcher was able to infect a TV with ransomware.

Ransomware is now attacking smart phones.

Last month, one hospital paid $17,000 in ransom when ransomware attacked its computer system.  The computer network was down for more than a week, and patients had to be transferred to other hospitals.

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Ransomware’s Dilemma: Pay It or Not?

Ransomware cybersecurity training

Ransomware is one of the most frightening scourges to hit the Internet.  Ransomware is a form of malware (malicious code) that encrypts a person’s files and demands a ransom payment to decrypt them.  If the money isn’t paid, the encryption keys are destroyed, and the data is lost forever.

Ransomware cybersecurity training

Ransomware began to emerge in 2009, and it has been rapidly on the rise.  Recently, it was ranked as the number one threat involving mobile malware.  According to one estimate, “at least $5 million is extorted from ransomware victims each year.”

Ransomware became a household name in 2013, when CryptoLocker infected about 500,000 victims in just 6 months.

Ransomware Cryptolocker security training 01CryptoLocker was eventually defeated.  But new variants of ransomware started popping up more frequently.

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