Being around for years, ransomware has evolved considerably to what it is today. Its varieties have grown and advanced in capabilities for spreading, evading detection, encrypting files, and forcing victims to pay hefty ransoms.
For example, first ransomwares would simply encrypt the local hard drive and ask for money. Today, the latest evolutions are encrypting the entire network drives. They are capable of leaking out the data to make the extortion case even worse by threatening to publish the company data publicly.
Ransomware attacks see huge year-over-year rise with no clear end in sight. According to Cybersecurity Ventures, businesses will fall victim to a ransomware attack every 14 seconds in 2019 and every 11 by 2021. Ransomware damage costs are predicted to be 57X more in 2021 than they were in 2015. This makes ransomware the fastest growing type of cybercrime.
Getting caught up in ransomware is a dangerous game for businesses, large and small alike. Virus that lands in shared locations within networks can block organization’s access to specific files or the entire hard drive, literally paralyzing business functioning.
The good news is that most ransomware attacks can be prevented through proactive measures. In this article we’re going to show how to withstand the malicious virus, detect it, and bounce back from it as soon as possible.