Ransomware - Exponentially growing cyber threat
Nowadays, organizations are in a race to improve the state of their cyber risk programs and the maturity of their security capabilities. Meanwhile, cybercriminals are continuously advancing their methods of generating revenue. One such threat that is growing exponentially is ransomware.
Many companies have already heard about Locky, TeslaCrypt, CTB-Locker, and other ransomware that have been in the headlines during the last months. Ransomware is a type of malicious software that restricts or limits users of a targeted organization from accessing their IT systems (servers, workstations, mobile devices, etc.) or their data, until a ransom is paid. There are two types of ransomware:
- Crypto Ransomware: Targets the data and file systems on the device itself, so the computer is functional except the ability to access the encrypted files
- Locker Ransomware: Prevents the victim from using the system by locking components or all of the system
Inside magazine issue 13, October 2016
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