Ransomware

Ransomware is a type of malicious software that blocks access to the victim’s data and threatens to publish or delete it until a ransom is paid. While some simple ransomware may lock the system in a way which is not difficult for a knowledgeable person to reverse, more advanced malware uses a technique, in which it encrypts the victim’s files, making them inaccessible, and demands a ransom payment to decrypt them. In a properly implemented extortion attack, recovering the files without the decryption key is an intractable problem. Ransomware attacks are typically carried out using a Trojan that is disguised as a legitimate file that the user is tricked into downloading or opening when it arrives as an email attachment. However, one high-profile example, the “WannaCry worm”, traveled automatically between computers without user interaction.

Starting from around 2012 the use of ransomware scams has grown internationally. In June 2013, security software vendor McAfee released data showing that it had collected more than double the number of samples of ransomware that quarter than it had in the same quarter of the previous year.[8] CryptoLocker was particularly successful, procuring an estimated US $3 million before it was taken down by authorities, and CryptoWall was estimated by the US Federal Bureau of Investigation (FBI) to have accrued over $18m by June 2015.

(https://en.wikipedia.org/wiki/Ransomware)

The video link below will discuss ransomware further. Click cancel on the error message that pops up after clicking the link.

CyberSecurity video produced by Phishme