CYBER THREAT #1: Ransomware


Ransomware By Michael Shuff | 10 April 2018

 

What is it?
Ransomware is malicious software. Ransomware attacks are typically carried out using a Trojan that is disguised as a legitimate file that the user is tricked into downloading or opening when it arrives as an email attachment. However, examples such as WannaCry exist that have worm-like capabilities, traversing networks without user interaction. Compromised websites and drive-by-downloads are also becoming increasingly common vectors for ransomware.

Why is it a threat?

‘Cryptor’ ransomware encrypts data on the victim’s device and demands money in return for a promise to restore the data....

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"Because the likelihood of a serious impact is rising fast and the cost of not having a well-rehearsed plan greatly outweighs the cost of getting the right advice."

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