May 1, 2017

Three lines of defense against ransomware attacks by cybercriminals


Criminals go where the money is, and cybercriminals are no exception. And right now, the money is in ransomware. It’s a simple scam. Encrypt the victim’s hard drive, then extract a fee to decrypt it. The scammers can’t charge too much, because they want the victim to pay rather than give up on the data. But they can charge individuals a few hundred dollars, and they can charge institutions like hospitals a few thousand. Do it at scale, and it’s a profitable business.