This article was first published on Stories by Monetha on Medium
Cybercrimes are on the rise, and one of the most popular types of cyberattacks come in the form of ransomware. According to Cybersecurity Ventures, global ransomware costs are forecast to reach $20 billion by 2021 with its attacks to occur every 11 seconds. These numbers alone reveal an incredibly complicated issue that requires a lot of attention.
What is ransomware
Ransomware is malicious software that locks access to user’s files or even the device. Then, the attacker demands an anonymous payment to unlock the files and/or the device, usually via a pop-up message on the screen of an infected computer or mobile phone. This type of malware is installed through the links in an email message, instant message, website, or a file. Even if paid, the final decision whether to restore access to data is in the hands of an attacker. If this is not damaging enough, the attackers are using new ways to increase pressure to pay a ransom. They not only lock the files but also steal data with threats of exposing it.
Anyone can become a victim of ransomware, including companies that are more vulnerable as they have older security systems, small security teams, etc. However, organizations that can’t afford to lose access to the data are the most targeted because they are the most willing to pay. These include banks, medical institutions, government bodies, and other types of entities with sensitive data.
How to prevent a ransomware attack
Multiple options are available for individuals and organizations to use to prevent ransomware today.
- An up-to-date anti-virus program and operating system may seem like an obvious choice, but it can be effective to stop the attacks from happening.
- Backup files on external hard drive or cloud to ensure that even if your device gets infected with a virus, you ...
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Stories by Monetha on Medium