Ransomware attacks have been a hot topic in the news these days, but this type of malicious activity has actually been happening for years. Over time, it has become more sophisticated, and the attacks are more damaging than ever. The best way for business leaders to prevent a threat to their company is to understand the issue. In this article, we’ll explore its history and discuss how this type of malicious software has evolved over the years.
Antivirus and cybersecurity tech firm Trend Micro recently announced that GDPR extortion attempts are on the rise, with cybercriminals likely gearing up to attach larger organizations as they work to ensure compliance with the European Union privacy laws. Hackers and scammers can hold companies hostage by leveraging the power to take over control on vital aspects of these corporations if they gain access to their Internet of Things (IoT) devices or other devices on their network.
If you are like other business owners, you store vital information on your networks, like customer data, and project details. Not many business owners understand the risks related to cyber attacks. They never take steps to protect themselves from ransomware, which is a dangerous trap.
After the recent round of ransomware attacks of wanna-cry, the business world got a serious wake-up call, with many having no strategy for these sort of attacks. However, by using experiential planning, you can ride out the storm with no issues.
What is a ransomware?
This is a type of malicious software from crypto-virology that involves threats to publish classified information or initiate perpetual blockage to such data on condition that the ransom sought is not paid. Ransomware usage by cybercriminals has been on the rise as more government agencies and private firms continue adopting e-data storage systems. Cyber criminals seek to kidnap sensitive data or use lock screen attacks as the means through which they can compel their victims into paying the ransom they ask. In the past decade, many firms and organizations have been victims of ransomware leading to increased awareness of the need to take steps that will ensure they are safe. As more firms adopt the use of big data, there is anticipation that more cases of ransomware are likely to be on the rise.