Few cyberthreats have progressed as rapidly in recent years as ransomware, which has become a global scourge for businesses over the last two decades.
Ransomware has evolved from simple infect and encrypt attacks to double- and now triple-extortion attacks, making it one of the most dangerous security threats of the modern era. Meanwhile, with the rise of ransomware-as-a-service, it has become more accessible to would-be cybercriminals as well.
Techradar spoke with Martin Lee, Technical Lead of Security Research at Cisco Talos, to learn more about the threat posed by ransomware and the steps businesses can take to protect themselves.
What characteristics make ransomware attacks so effective and difficult to counter?
Ransomware is essentially the 21st century equivalent of kidnapping. The criminal steals something valuable and demands payment in exchange for its return. The ransomware business model has progressed over time to become a highly efficient source of revenue for criminals.
A ransomware attack should not be taken lightly. Criminals attempt to evoke an immediate response by encrypting and rendering a system inaccessible. If a critical system is disrupted, the bad folks know that
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This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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