Ransomware attacks: detection, prevention, and cure
Ransomware has been one of the most prevalent cyber scams in recent years. Ransomware is estimated to have caused losses of $1 billion by the FBI in 2016. Ransomware is malicious software that allows hackers to lock down an individual or company’s access to their vital information and demand payment to remove the restriction. Encryption of sensitive data on a computer or network is the most popular form of restriction. This allows the attacker to hold the user’s data or the system hostage.
Ransomware has been one of the most popular scams against businesses in the last three years. According to the FBI, losses will exceed $1 billion in 2016.
A successful attack can have far greater ramifications than a ransom. Organizations could suffer the loss of productivity, business interruption, customer inconvenience, and possibly permanent data loss. Ross Brewer from LogRhythm outlines the five phases of ransomware attacks and the five steps you should take to handle, recover and prepare.