Got it

Ransomware - 2021's number 1 cybercrime

Latest reply: Sep 13, 2021 16:36:26 499 10 7 0 0

Hello friends!


I will start this blog with a fun fact. Not so fun, actually. Did you know that Q2 of 2021 saw the highest volumes of ransomware attacks ever? That was only the tip of the iceberg, as global ransomware attack volume increased by 151% in the first 6 months of 2021 in comparison to year-ago half!


Forced by the pandemic to use technology as a means for communication, people have turned to devices and gadgets more than ever before. This was the perfect gateway for hackers to launch cyber-ransom attacks, especially to the most vulnerable - the elderly.


This blog will define ransomware and its types and will teach you how to deal with it and ultimately get rid of it from your devices. Let's get started!


BACKGROUND INFORMATION


Before going any further, it is kind of manadatory to understand the foundations of ransomware. Let us watch this short video made by cybersecurity experts from Kaspersky that explains what ransomware is:



Let's put all that knowledge into words now. To do that, I am going to cite some other cybersecurity experts, this time our friends from McAfee: 'ransomware is malware that employs encryption to hold a victim’s information at ransom. A user or organization’s critical data is encrypted so that they cannot access files, databases, or applications. A ransom is then demanded to provide access. Ransomware is often designed to spread across a network and target database and file servers, and can thus quickly paralyze an entire organization. It is a growing threat, generating billions of dollars in payments to cybercriminals and inflicting significant damage and expenses for businesses and governmental organizations.'


They then go even further, explaining the exact mechanism ransomware operates by: 'ransomware uses asymmetric encryption. This is cryptography that uses a pair of keys to encrypt and decrypt a file. The public-private pair of keys is uniquely generated by the attacker for the victim, with the private key to decrypt the files stored on the attacker’s server. The attacker makes the private key available to the victim only after the ransom is paid, though as seen in recent ransomware campaigns, that is not always the case. Without access to the private key, it is nearly impossible to decrypt the files that are being held for ransom.'


Put simply, ransomware is a form of cyber-blackmailing that demands that the victim paid a ransom (often in the shape of cryptocurrency) in order to get access back to their personal information, which was previously locked or encrypted by attacker. Kind of nasty, wouldn't you agree?


TYPES OF RANSOMWARE


Ransomware - 2021's number 1 cybercrime


There are 3 main types of ransomware:


  • scareware - this type of ransomware usually takes the shape of in-your-face, pop-up messages warning you that malware was just found on your device and the only way to get rid of it is to pay up the ransom, essentialy being the least threatening ransomware type, as your files are currently safe;

  • screen lockersthis type of ransomware usually takes the shape of full-size windows appearing right after powering up your device that reads something related to illegal activity being discovered on your gadget and a fine must be paid - medium level threat;

  • encryptionthis type of ransomware usually takes the shape of files and other sensitive personal data getting snatched from your device and then encrypted, the attacker then demanding payment for their decrypted return to their rightful owner - high level threat, as no one can guarantee you'll even get your files back after paying the ransom.

HOW TO PROTECT YOURSELF FROM RANSOMWARE


Most of the times, ransomware is sent to the victims either via emails containing spam or via attacks that are targeted. Either way, a terminal is mandatory in order for the attack to take place. In order to prevent the occurence of a ransomware attack, here's what you should do:

  • maintain your device's OS patched and up-to-date;

  • don't install unauthorized software and never give it admin rights for running;

  • have an up-to-date antivirus software installed on the device;

  • (optional) have an up-to-date anti-malware software installed on the device;

  • back up your most sensitive information, both digitally and analogically.

HOW TO GET RID OF RANSOMWARE


Ransomware - 2021's number 1 cybercrime


You should be advised that ransomware attacks are not to be taken lightly. Depending on the gravity of the attack, some attacks can be fended off and some can't. However, a troubleshooting method that's been proven to work in the majority of cases can be found below:

1. reboot your device's OS to safe mode;

2. install an anti-malware software;

3. run a scan of the entire system through the anti-malware in order to detect the ransomware software;

4. use System Restore to restore the device to a previous state.

THE BOTTOM LINE


In a world where information is power, data security and privacy become daily necessities. Ransomware attacks hit an all-time record this year, especially given users' utilization of technology to communicate with their loved ones during the pandemic, so it's of utmost priority to know how to deal with the situation, should it arise.

Subscribe to the Community blog for more content on new technologies and trends coming to you on a weekly basis!

The post is synchronized to: Community Blog

Good video
View more
  • x
  • convention:

VinceD
VinceD Created Aug 24, 2021 14:47:11 (0) (0)
 
Excellent information
View more
  • x
  • convention:

BAZ
MVE Author Created Aug 24, 2021 18:19:36

data is new Oil now
View more
  • x
  • convention:

Cybercrime risks can be reduced with the following steps:


  • develop clear policies and procedures for the business and employees;

  • create cybersecurity incident response management plans to support these policies and procedures;

  • outline the security measures that are in place about how to protect systems and corporate data;

  • use two-factor authentication (2FA) apps or physical security keys;

  • activate 2FA on every online account when possible;

  • verbally verify the authenticity of requests to send money by talking to a financial manager;

  • create intrusion detection system (IDS) rules that flag emails with extensions similar to company emails;

  • carefully scrutinize all email requests for transfer of funds to determine if the requests are out of the ordinary;

  • continually train employees on cybersecurity policies and procedures and what to do in the event of security breaches;

  • keep websites, endpoint devices and systems current with all software release updates or patches; and

  • back up data and information regularly to reduce the damage in case of a ransomware attack or data breach.


View more
  • x
  • convention:

I faced this attach, it's not good, we have to backup our data
View more
  • x
  • convention:

dragos_v
dragos_v Created Aug 31, 2021 07:09:05 (0) (0)
How did you manage to tackle it?  
Informative post
Nice video
View more
  • x
  • convention:

Great share
View more
  • x
  • convention:

BAZ
MVE Author Created Sep 13, 2021 16:36:26

Scary but essential one to read
View more
  • x
  • convention:

Comment

You need to log in to comment to the post Login | Register
Comment

Notice: To protect the legitimate rights and interests of you, the community, and third parties, do not release content that may bring legal risks to all parties, including but are not limited to the following:
  • Politically sensitive content
  • Content concerning pornography, gambling, and drug abuse
  • Content that may disclose or infringe upon others ' commercial secrets, intellectual properties, including trade marks, copyrights, and patents, and personal privacy
Do not share your account and password with others. All operations performed using your account will be regarded as your own actions and all consequences arising therefrom will be borne by you. For details, see " User Agreement."

My Followers

Login and enjoy all the member benefits

Login

Block
Are you sure to block this user?
Users on your blacklist cannot comment on your post,cannot mention you, cannot send you private messages.
Reminder
Please bind your phone number to obtain invitation bonus.