So, what is ransomware? Simply stating, it is a type of malware which converts your data into a code, locking you out. In other words, the attacker keeps your data as a hostage and demands a ransom in return for access to that data. All of the data is still present on your computer but is now under encryption, rendering it inaccessible. The attackers ask for money as ransom and give you a deadline to comply.
Ransomware rose to prominence with the popularity of cryptocurrencies that can be used for untraceable payments of the ransom – like Bitcoin, Litecoin, Ripple, etc. Almost all verticals of businesses have been attacked.
Ransomware comes in different forms, shapes, and sizes. The most common types of ransomware are:
It is said that the best protection against ransomware is prevention because it’s difficult to catch the attackers if their attack is executed. Here are a few pointers which you need to keep in mind:
Ransomware is a growing threat to your business but can be handled if proper and timely steps are taken. For more insights about ransomware, contact the SemTech IT cybersecurity specialists. We can help.