The concept of ransomware is pretty straightforward: break into someone’s vulnerable system, then lock and encrypt their files. They don’t get those files back until they pay up. This malicious form of software is growing in number and scope.
According to the British Broadcasting Company, ransomware attacks are growing by about 50%. Some data shows that the number of ransomware attacks on businesses jumped from one attack every two minutes in Q1 to one every 40 seconds by Q3. Add to this the fact that ransomware costs businesses more than $75 billion per year and the average cost of a ransomware attack on businesses was $133,000.
Types of Ransomware?
Scareware is somewhat a form of ransomware that uses similar tactics as traditional ransomware. For example, scareware could show up on a screen telling the user that they have been frozen out of their normal browser. This is done in order to scare victims into paying for a “service” they don’t need. Scareware includes rogue security software and tech support scams.
Screen Lockers are a type of ransomware that locks you out of your computer entirely! Upon opening your screen, a window will appear that looks somewhat official stating that a federal authority such as the FBI has found illegal activity on your computer and that you must pay a fine.
Encrypting Ransomware is what most of us think about when considering ransomware. This is when a cybercriminal takes your files, encrypts them, and then demands payment before delivering them to the rightful owner. Keep in mind that, many times, the data is never returned.
Prevention Techniques
Now that you understand that there are a few different forms of this type of attack, it is best to be prepared and try to deter one from happening. Reclaiming control is not all that easy once a hacker has gotten into your system. A full system restore may be required. Here are some tips for defeating a ransomware attack.
Users who have excellent security features like programs with real-time protection that’s designed to thwart advanced malware attacks such as ransomware will be much better off in one of these situations.
Backups can be a major help when dealing with ransomware. If you regularly back up your system and data, then when something like this occurs, you can rely on that data to save you.
Always be sure to install the latest software updates on your computer. The software may have security fixes for the newest threats or patches that can help resolve a vulnerability.
Do you have questions about ransomware and how to protect your business data? Call M&H Consulting for more information at 1-866-964-8324 or visit our website.
Categorised in: antimalware, antispyware, antivirus, ransomware, Security, spyware