Ransomware can be particularly threatening to both your business’ security and funds. Instances of ransomware have increased 167 times since 2015. Hackers gain access to your company’s networks, compromise sensitive business data and then hold those files at ransom. Until you pay the ransom, your infected devices are virtually useless.
On Friday, May 12, 2017, hackers launched the WannaCry (WannaCrypt) ransomware that has infected over 200,000 Windows users. The global cyberattack has already reached 150 countries.
If infected, a device will lock up and display a message demanding $300 via Bitcoin — an online currency — to restore the encrypted files. The ransom would increase over time; if left unpaid the victim’s files would be locked indefinitely.
This ransomware attack has mostly affected business networks via a security flaw in the Windows operating system. Victims using computers with outdated security patches and targeted in phishing campaigns are especially at risk. Continue reading
Ransomware, the computer malware designed to hold your devices and files ransom, can pose a huge threat to your company. Once a device is infected, it only takes a few seconds for a ransom note to display —demanding payment in exchange for a key to unlock your system. Until you pay the ransom, your device is virtually useless. And even if a payment is made, there’s no guarantee that the hacker will unlock your device. In short, you’re left with two choices: dig into your business funds to pay the ransom or let the hackers keep your files and hope they don’t further misuse your compromised information?
As a business owner, this is a decision that you should never have to make. Continue reading
Update 04/04/2016: The Baltimore Sun reports MedStar Health has restored 90 percent of their impacted computer systems. Hospital officials said MedStar did not pay a ransom to retrieve any files. Patient data was not exposed during the attack.
On March 28, MedStar Health, the largest healthcare provider in Maryland and Washington, D.C., disclosed an attack on their computer systems and encrypted medical records. The hacker used ransomware, a form of malware that locks computer access until a specified ransom is paid. Continue reading
