In this final installment in our series on ransomware, we will discuss what you and your organization can do to protect yourself from the threat of ransomware and how to mitigate the damages, both financially and to your organizational reputation, if you find yourself the victim of an attack.
In the previous parts of this series, we explored the concepts underlying ransomware as well as some of the tactics and variations on basic ransom-based malware. Here in part IV, we will explore what makes ransomware an appealing enterprise for cybercriminals; as the title of part III indicates, the ransomware industry is booming.
Once considered the domain of nation-state intelligence agencies, tech-savvy teenagers with too much time on their hands, and miscreants devoted to chaos and disorder, the development and deployment of malware has matured into a profitable business model – last year the cost of ransomware was estimated at $1 billion and a report sponsored by Malwarebytes estimated that more than 40% of those affected paid ransom demands.
By Andrew Paulette Have you ever given away or resold a computer, smart phone, or electronic device? Before you disposed of it, how much time did you invest to ensure the data on the storage device was erased? In many cases, most users rely on the “Empty Recycling Bin” option found in the operating system […]