Ransomware is a common type of malware that can stop person from using their computers by encrypting his or her files. The owner of the malware will then demand a specific ransom in exchange for returning all of the encrypted data upon payment.
Believed to have been originated from a Trojan virus in 1989, ransomware started out as an ordinary file-encrypting virus that can hide the directories or both personal and business computers. Ever since then, this act of cybercrime became a global problem, continuously improving itself to make attacks more sophisticated and more nefarious than before.
There are various ways that ransomware can deliberately attack your computer. One popular method is called phishing spam or attaching the malware into a seemingly harmless email. Once the file has been downloaded and opened, the ransomware can take over and gain administrative access on your computer. The attacker will start the encryption process and present the victim with a message explaining that their files are now inaccessible and will only be returned by paying via an untraceable digital currency such as Bitcoin.
According to recent statistics, businesses lose more than $8 billion in 2018 due to ransomware attacks. Moreover, ransomware can also be blamed for more than half (56%) of recorded malware attacks worldwide. These findings are already suggesting that every enterprise must somehow implement some effective measures to combat such an online threat. If left unchecked, constant attacks from ransomware can result in dire consequences not only in the financial aspect of a company but also on its day-to-day operations and reputation as a brand.
Perhaps many people today, especially those that own businesses online are quite wary of their computers getting attacked by any malicious software. Fortunately, there are several ways of preventing ransomware from terrorizing your most vital documents.
If you want to learn how to give you or your business a chance against a ransomware attack, check out this infographic created and designed by Landau Consulting: