The FBI is taking note of ransomware, warning organizations of the seriousness of this issue. “Ransomware attacks are becoming more targeted, sophisticated, and costly, even as the overall frequency of attacks remains consistent,” FBI officials wrote. “…the losses from ransomware attacks have increased significantly, according to complaints received by IC3 and FBI case information.”
Ransomware is a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files unless a ransom is paid. And ransomware attacks are growing more common with each passing day. Just ask City Hall in Atlanta, GA how damaging ransomware attacks can be; it spent millions fighting an attack that was now believed to be perpetrated by two Iranians thousands of miles away.
Some of the more notorious examples of ransomware include the following: GrandCrab, Petya, Locky, WannaCry, and zCrypt. As for GrandCrab, it was discovered in late January, 2018, accepts Dash cryptocurrency, and is based on ransomware as-a-services model in that it essentially shares profits between criminals. To date, the developers of GrandCrab are quite active indeed, having put forth numerous versions of this ransomware.
And according to the FBI, “In some cases, victims who paid a ransom were never provided with decryption keys…Due to flaws in the encryption algorithms of certain malware variants, victims may not be able to recover some or all of their data even with a valid decryption key.”
I could write for days about the never-ending types of ransomware flooding the Internet, but what’s more important are the steps and strategies to take for preventing such an attack. First and foremost, ensure your systems are running a current version of anti-virus and anti-malware software.
Senior Partner in National Security & Cybersecurity. Author. Speaker. Media Personality.
Charles has helped thousands of businesses throughout the world in designing and implementing a wide-range of information technology & cybersecurity solutions. And he’s helped these very businesses grow by identifying their niche, launching new services, and ultimately obtaining a true competitive advantage in the marketplace.
Charles works with CEO’s, entrepreneurs, business owners – anyone with a true passion for securing & growing their company in today’s challenging & complex business arena. Charles also consults regularly with top political and business leaders including former Vice Presidents of the United States, Secretaries of State, ambassadors, high-ranking intelligence officials, CEO’s, entrepreneurs, civic leaders, and others. Learn more at charlesdenyer.com.