Posts

Showing posts with the label ransomware

Colonial Pipeline Paid a $5M Ransom—and Kept a Vicious Cycle Turning

Stopping payments would go a long way to stopping  ransomware . But the choice is never quite so easy. NEARLY A WEEK  after a  ransomware attack led Colonial Pipeline  to  halt fuel distribution on the East Coast ,  reports emerged  on Friday that the company paid a 75 bitcoin ransom—worth as much as $5 million, depending on the time of payment—in an attempt to restore service more quickly. And while the company was able to  restart operations Wednesday night , the decision to give in to hackers' demands will only embolden other groups going forward. Real progress against the ransomware epidemic, experts say, will require more companies to say no. Not to say that doing so is easy. The FBI and other law enforcement groups have long discouraged ransomware victims from paying digital extortion fees, but in practice many organizations resort to paying. They either don't have the backups and other infrastructure necessary to recover otherwise, can't or don't want to take the...

How To Protect Your Business From Ransomware Attacks

Any malicious software that aims to infect your computer and show a message that asks you to pay a fee if you want to gain back control of your system again is called a  ransomware . This kind of software will hostage critical system and data and ask you for thousands or worse, tens of thousands of dollars. That is why it is crucial to protect your company from all kinds of ransomware attacks. How It Happens? The crucial point you need to know is that ransomware doesn’t just appear on a computer. The victim unknowingly starts to download a malicious software on their computer. Having said that, if your staff don’t know what to search for to identify a possible ransomware attack, your company will become vulnerable. When it comes to being cunning, cybercriminals are among those who are on top of the list. They use effective methods and they are extremely skilled when it comes to tricking people into downloading a file or clicking a link that they think is legitimate. Sending emails are ...