Encryption viruses pose a significant threat to businesses of all kinds. If you've kept up with tech news, you'd have undoubtedly heard about companies impacted by these malware strains over recent years. Their prevalence is increasing.
In recent times, we've seen various encryption viruses, including names like WannaCry, BlackCat, Sphynx, and Dark Power. However, their primary goal remains the same: access your corporate information, encrypt all documents and files, and demand a ransom to decrypt the data.
As per MalwareTech Botnet Tracker, currently, over 500,000 computers and more than 200,000 IP addresses worldwide are infected.
Though this issue is widely acknowledged, we still encounter many companies neglecting basic security measures. Today, we'll discuss essential steps to minimize the risk of data loss and potential financial costs.
But first, let's revisit: What is ransomware?
Ransomware is a type of malicious software that infects devices, networks, and data centers, restricting access until a ransom is paid. Ransomware operations can vary:
- Some may corrupt the operating system, preventing it from booting, while others target specific files, folders, or drives
- Some ransomware comes with a timer, erasing files unless a ransom is settled within a set timeframe
- In more extreme cases, infected devices may display inappropriate content
Ultimately, the main objective of ransomware is to hold vital files, databases, or services hostage, demanding a ransom for their release.
Malware can enter devices in various ways, often through infected email attachments or links. Unsuspecting users might also inadvertently download malware when visiting compromised websites, especially those hosting pirated content, or downloading files from untrusted sources.