There’s no end to ransomware in sight. It’s a simple enough attack — install malware, encrypt data/system, and ask for the ransom — so why aren’t we stopping ransomware? Security vendors are keenly aware of the issue, as well as the attack vectors and methods, but can’t seem to stay a step ahead, causing ransomware to grow from $1 billion in damages in 2016 to an estimated $5 billion in 2017. There are two basic reasons ransomware continues to be a “success” for cyber criminals.
Ransomware attacks are not a fake threat – they are real and increasing day by day. The below insights on ransomware history can help you understand the evolution of its delivery and extortion strategies and be better prepared in case you become the victim of an attack.
Ransomware, locker or crypto-malware, has been around for a long time — decades in fact. Originally, ransomware was an annoyance and a con-trick, but today’s ransomware is considerably different and presents much more of a sophisticated threat to systems and users.