What is Ransomware?
Malicious software that locks your files and demands payment to access them.
- Ransomware is defined as a term for the many variations of malware that infect computer systems, typically by social engineering schemes.
- A cryptovirology attack encrypts critical files and systems and renders them inaccessible to the owner.
- Ransomware sometimes marks the files for permanent deletion or publication on the internet. The perpetrators then demand a payment (usually in untraceable cryptocurrency like Bitcoin) for the private key required to decrypt and access the files. Infamous ransomware examples include CryptoLocker, CryptoWall, Locky, Cerber, KeyRanger, SamSam, TeslaCrypt, TorrentLocker, and Reveton.
Who are Ransomware Perpetrators?
Cybercriminals who profit greatly by violating businesses that rely on data as a lifeblood.
Ransomware cybercriminals are organized and profitable. It is estimated that this type of attack earns criminals $10 million to $50 million per month.
There are entire ransomware outfits working out of office buildings, making the stealthy and disruptive pieces of malicious software, and designing deceptively simple schemes to infiltrate small to medium sized businesses.