Ransomware Attacks are Increasing Against Established Organizations

When it comes to ransomware, this cyberattack scheme isn’t new, but it has become increasingly common over the past several years. Many of the viruses lurking out there steal data to be used for nefarious purposes, with the goal having long been to access important financial and personal data that can be sold off. Not ransomware. Ransomware generally does not access your data to sell off to criminals. Instead, the virus kidnaps your data until you pay the ransom.

Understanding How Ransomware is Different

Going back to other forms of cyber-attacks: they focus on credit card numbers that can be sold and used to buy things or social security numbers that can be sold to be used to create fake identities. In the case of many viruses, victims may never even be aware their data has been accessed. Typical malware and spyware tries to go undetected.

How Ransomware Works

Ransomware stops you from using your PC, files, or programs. It holds your data, software, or entire PC hostage until you pay a ransom to get it back. When an attack occurs, you suddenly have no access to a computer – a screen appears announcing your files are encrypted and that you need to pay (usually in bitcoins) to regain access. In some cases, there may be a nerve-wracking clock ticking down to the deadline for the ransom payment. Some versions are so sophisticated they even have mini call centers to handle your payments and questions.

What Happens After a Ransomware Attack?

Ransomware stands out from most viruses in that you really have no option once an attack has been made. You either pay up or lose the data.