Ransomware Virus Shuts Down Electric and Water Utility

April 29, 2016

Ransomware has become an albatross around the neck, targeting businesses, hospitals, and personal computers worldwide and extorting Millions of Dollars.

Typical Ransomware targets victim’s computer encrypts files on it, and then demands a ransom — typically about $500 in Bitcoin — in exchange for a key that will decrypt the files.

Guess what could be the next target of ransomware malware?

Everything that is connected to the Internet.

There is a huge range of potential targets, from the pacemaker to cars to Internet of the Things, that may provide an opportunity for cybercriminals to launch ransomware attacks.

Recently, the American public utility Lansing Board of Water & Light (BWL) has announced that the company has become a victim of Ransomware attack that knocked the utility’s internal computer systems offline.

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