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    Ransomware and Malware – A Rapidly Growing Cyberthreat

    In recent years ransomware and malware have gained prevalence quickly. More and more cases recently have ended with businesses paying out.

    Ransomware is malicious software that blocks access to a computer system until the victim pays a sum of money.

    Just like with every other fiscally beneficial form of criminal activity, these onslaughts are becoming more advanced. Ransomware is moving from simple skillful, mass-circulated attacks to carefully parsoned, well-planned approaches led by phishing.  (www.phishing.org explains that phishing is a cybercrime in which hackers contact targets by email, telephone, or text message by someone posing as a legitimate institution to lure individuals into providing sensitive data such as personally identifiable information, banking, and credit card details, and passwords).

    The variety of exploits, encryption, and general propagation techniques the malware uses is rapidly increasing.

    Combining automatically controlled delivery mechanisms, manual hacking, and social engineering tactics together creates annihilating attacks that take organizations by storm. As infections become harder to detect, more personally targetted, the possibility increases that the onslaught will perturb more crucial organizations. Utility companies, academic institutions, internet service providers, police departments, and more systems like these are now clear and likely targets and are all at risk.

    In the war against ransomware, merely backing up data isn’t a secure enough measure for some ransomware strains. However, this ransomware and malware are continuously¬†taking down entire corporate infrastructures, where they encrypt critical files on employee workstations and use it to cause real damage.

    As these attacks are not reducing, it is now very important to learn how we can protect our devices.

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