Just the word ransom lets you know that ransomware isn’t a welcome visitor. No industry is immune to it. In fact, many attacks on healthcare systems have prevented patients from getting medical care. Yes, it can be that evil.
What is a Ransomware attack?
Ransomware is a type of malicious software that encrypts a victim’s files or data, making them inaccessible until a ransom is paid. Cybercriminals typically demand payment in cryptocurrency to avoid being traced.
Even when ransoms are paid, attackers are exfiltrating data, setting it aside to be used for other nefarious purposes. Ransomware-as-a-Service (RaaS) is available for those who want to enter this underground world but don’t have the technical acumen to create their own platforms and threats. It has ramped up to include attacks on supply chains, which harm an array of victims in one fell swoop. And unpatched software and phishing remain as the ransomware-launching stalwarts. Why wouldn’t they? They continue to work well for bad actors.
What is your most memorable story related to a ransomware attack?
It’s not hard to gather stories from victims of ransomware because it isn’t hard to launch. It is that prevalent. Ransomware makes up over 20% of all cybercrimes. According to a Forbes article from 2022, the vast majority of companies have been hit with ransomware attacks. Over 40% of attacks get in through phishing and they only need one fish to take the bait.
We recently queried Radware customers and asked them to share a ransomware story that has affected them. Once again, they didn’t disappoint. Their responses were informative and interesting and reflected the importance of practicing sound digital hygiene.
Two things emerged from the customer testimonials:
First, it ..
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