Ransomware has proven to be a major problem for companies large and small. It can attack your data in many ways and completely stop your business from running. To keep your business Secure you can contact K9 Cybersecurity

In many cases it can cost hundreds of thousands or millions of dollars to recover access and use of pirated information.

Overall, the best defense against a ransomware attack is a good offense. Understanding the different forms of ransomware can help a company prepare for an attack. Here are some tips to help you deal with any type of cybercriminal.

Ransomware:

First, for those unfamiliar with ransomware, it is a virus that silently encrypts a user’s data on their computer. It can infiltrate your system and deny access to key information, preventing or disrupting all business activity.

Once the attacker has stolen and encrypted the data, a message may appear requiring payment of a monetary amount to regain access to the information. The victim only has a certain amount of time to pay the cybercriminal. If the deadline passes, the ransom can be increased.

Some types of ransomware have the ability to seek out other computers on the same network to infect. Others infect their hosts with more malware, which can lead to the theft of login credentials. This is particularly dangerous for sensitive information such as passwords for bank and financial accounts.

The two main types of ransomware are called Crypto ransomware and Locker ransomware. Crypto ransomware encrypts various files on a computer so that the user cannot access them. Locker ransomware does not encrypt files. Instead, it “locks” the victim out of their device, preventing them from using it. Once access is prevented, it asks the victim to pay money to unlock their device.

Many known cyber-attacks with ransomware have occurred in recent years. These include…

WannaCry Ransomware:

WannaCry in 2017. It spread to 150 countries, including the UK. It was designed to manipulate a Windows vulnerability. By May of that year, it had infected over 100,000 computers.

The WannaCry attack affected many UK hospitals, costing the NHS around £92 million. Users were blocked and a ransom was demanded in the form of Bitcoin. The attack exposed the problematic use of outdated systems. The cyber-attack caused global economic losses of around $4 billion.

Ryuk Ransomware:

Ryuk is a ransomware attack that spread in mid-2018. It disabled the Windows system reset option on computers. Without a backup, it was impossible to restore files that had been encrypted. It also encrypted network drives. Many of the targeted organizations were in the United States. The required ransom was paid and the estimated loss is $640,000.

KeRanger Ransomware:

KeRanger is believed to be the first ransomware attack to successfully attack Mac computers running the OSX platform. It was placed in an installer of an open-source Bit Torrent client, known as Transmission. When users downloaded the infected installer, their devices were infected with the ransomware. The virus remains dormant for three days and then encrypts around 300 different file types. It then downloads a file that includes a ransom, asking for a Bitcoin and providing instructions on how to pay the ransom. After the ransom is paid, the victim’s files are decrypted.

So you want to buy a cybersecurity solution. What is the problem you are trying to solve? Is it a point problem or a more significant issue? How did you decide that this “problem” is a priority.

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