RANSOM WARE SOLUTIONS
Ransomware, in a nutshell, is a vicious type of malware that cybercriminals use to block access to your entire system or specific sensitive files/databases, until you or your company pays a ransom. It is a form of cyber extortion. Some victims get two ransom notes. One ransom payment to prevent cybercriminals from disclosing the sensitive data they have stolen before encrypting it. The second ransom payment to get cybercriminals to hand over the decryption key, for the victim to gain back access to their data. This is a form of double extortion.
Ransomware gangs have targeted critical infrastructure, meat processing plants, and massive supply chain attacks on Solarwinds more recently, which have led to data theft and forced shutdown of operations in large enterprises. Unfortunately, ransomware is a complex cybersecurity problem with no silver bullet to address this menace.
Thankfully the National Institute of Standards and Technology (NIST) released guidance on identifying and protecting assets against ransomware. The Cybersecurity Special Publication (SP) 1800-25 lays out the steps to having a comprehensive strategy around protecting assets.
Ransomware protection is needed because, without it, cyber criminals can hijack your system and take your data, bringing operations to a halt, until you either pay the ransom or use extensive mitigation strategies to reclaim your data. Businesses, regardless of their size, are favorite targets of ransomware cyber criminals. Many businesses depend on their computers for their daily operations, to manage crucial files, or to communicate. Any downtime has an effect on the business’s bottom line. Cyber criminals use this to manipulate business owners and employees into paying to regain access to their computers. In many cases, they succeeded in either extorting large sums of money or significantly disrupting operations.
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