In 2017, ransomware became a huge threat for businesses, so when discussing how nefarious actors will be leveraging new ransomware streams in 2018, you have to do so with some urgency. Today we will provide some information on ransomware, the current trends, and some trends you have to be very mindful of going forward.
The variety of malware known as ransomware exploded in popularity in 2016, encrypting victims’ files and demanding cryptocurrency payments to restore the data to the estimated tune of $1 billion. This may seem to suggest that large corporations and companies are the primary targets of these cyber criminals--and for some, they are.
On May 11, 2017, the WannaCry ransomware spread around the globe like wildfire and disabled computing infrastructures belonging to organizations of all shapes and sizes. As the world watched the news unfold, it seemed as if practically no business was immune to this ultra-powerful ransomware. Yet, many quick-thinking organizations were. All because they had the foresight to follow IT best practices.
Society relies on law enforcement to enforce laws in a fair and just manner, but even the police have their work cut out for them when they are targeted by a cyberattack. A recent incident in Cockrell, Texas shows that not even the police are immune to the threats of ransomware--particularly the emerging brand of ransomware, Osiris.
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