Ransomware is a type of malicious software designed to block access to a computer system or data until a ransom is paid. It encrypts the victims files, making them inaccessible, and demands payment in exchange for the decryption key.
Over the years, ransomware has evolved to become more sophisticated and harder to detect. Cybercriminals are constantly developing new techniques to evade security measures and maximize their profits.
Ransomware attacks have surged in the second quarter of the year due to the increased reliance on remote work, making it easier for cybercriminals to exploit vulnerabilities in home networks. Additionally, the rise of cryptocurrency has made it easier for attackers to receive payment anonymously.
Some of the most common types of ransomware include WannaCry, GandCrab, Locky, and Ryuk. Each of these variants has its own unique method of infecting systems and demanding payment.
Organizations can protect themselves from ransomware attacks by regularly updating their software, implementing strong security measures, training employees on cybersecurity best practices, and creating backups of important data. It is also important to have a response plan in place in case of an attack.
While paying the ransom may seem like the quickest solution to regain access to encrypted files, it does not guarantee that the attacker will provide the decryption key. Additionally, paying the ransom encourages further attacks and funds criminal activities.
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Ransomware attacks rose by 58% in Q2 - report.