Ransomware: Attacks could be about to get even more dangerous and disruptive

Ransomware is one of the biggest threats facing businesses. An organisation that falls victim to a ransomware attack – which sees cyber criminals use malware to encrypt the network, rendering it inoperable – will quickly find itself unable to do business at all.

Cyber criminals lock down networks like this for one simple reason: it’s the quickest and easiest way to make money from a compromised organisation and they’re unlikely to get caught.

The attackers demand a ransom payment in exchange for the decryption key for the files – and throughout 2020 the extortion demands have risen, with ransomware gangs now regularly demanding millions of dollars in bitcoin from victims.

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Source: ZDNet