(ThyBlackMan.com) A lot of people don’t think about securing their computer until a problem occurs. Many of us are familiar with simple viruses that slow your computer down and cause minor issues. We’ve all, at some point, received unconvincing scams in our emails at one time or another.
But malicious software is becoming more harmful than ever. The newest wave of malware is ‘ransomware’. Ransomware is computer software that sneaks its way onto your computer without being detected. If your computer becomes infected, ransomware can lock down your entire system and ask for payment to fix it.
It’s becoming an extreme threat to both business and home networks. Many people are being forced to either give up their files and personal details or pay to retrieve them. Instead of going to a bank with masks on, cyber thieves can stay completely anonymous while they hold your computer for ransom.
The threat is so sophisticated that even the FBI recommend just paying the ransom. It’s becoming a serious threat to many people. It can affect anyone. Large businesses are often targets, but home computers can also be affected.
The Growing Threat To Businesses
Since ransomware is designed to make money, it is regularly used to target large organizations. The software can often bypass network firewalls and antivirus programs. Businesses have had to turn to next generation endpoint protection software to detect the threat before it advances.
It’s a growing problem for wealthy companies. In the first half of 2016 alone, Ransomware has cost US enterprises $209 million. Although networks can find their way out of a Ransomware attack, it often comes at the cost of losing tons of valuable data. Businesses who don’t keep regular backups can find themselves in deep water.
It’s not just one piece of software affecting all these organizations. Hundreds of types of new, more advanced ransomware are identified each year. This is why organizations often have a hard time protecting against them.
One university alone was affected by ransomware 21 times in 12 months. A survey found that out of 58 UK universities, 23 had experienced a ransomware attack. Although large sums were demanded, they opted to find ways around the attack without paying. It’s also affected many hospitals. It can be particularly damaging to hospitals, where keeping records of patient data is of utmost importance.
Large organizations are being told to improve security measures to fend against the attacks. Regular backups of data can prevent them from needing to pay a ransom. Protecting networks with all kinds of security software also goes a good way towards helping.
Personal Attacks
Although businesses are most at risk, ransomware can also find its way onto personal devices. Although most people won’t be personally targeted, they could accidentally stumble upon undetected ransomware.
Both Windows and Mac computers have been found to be infected. Smartphones and tablets are also becoming infected by forms of ransomware.
One of the attacks plaguing virtual devices is Cyber Police. This locks devices down and claims the user owes the government for downloading illegal files. With personal downloads of music, videos and apps being common, this can easily fool the average user.
Attacks have also taken some unique forms. One form of new ransomware went after Pokemon GO players. Many users tried to download an unofficial Pokemon GO computer application, only to be infected. Another ransomware attack was inspired by the popular TV show Mr. Robot. This shows how attackers are using modern trends to infect average people.
Fighting Against Ransomware
Clearly, ransomware is becoming a growing epidemic. The fact attackers can hide behind virtual networks and use anonymous bitcoin wallets means it’s hard to pin them down. Many security companies are turning their focus towards tackling this new breed of malicious software.
In most cases, personal protection is the best advice. There is security software available for any device. Personal computers may only need a couple of programs for protection, but large business networks will need to go to any length possible. There are also apps available for smartphones and tablets, dedicated to offering extra protection.
The fight against ransomware is growing. Criminals are using ransomware as a source of profit, so even law authorities are getting involved. It was recently announced that the Dutch National Police and Europol are working with security firms to tackle the threat.
It’s a concerning issue, but not one that should plague a lot of people. Keeping regular backups and securing all devices is a good step towards safety. Also be sure to contact authorities if you find yourself the victim of a ransomware attack.
Staff Writer; James Acker
