Attacks by ransomware have increased dramatically over the years, and it is predicted that the total cost of the damage will be billions of dollars. Since cybercrime has grown more sophisticated, scammers have developed new attack strategies. They want to increase their chances of succeeding and decrease their chances of being caught. That is the only explanation for stealthy cyberattacks. This article at CIO Insights by Jenna Phipps speaks about the four most malicious ransomware types you must know about.
Ransomware: The Evergreen Threat to Business
Business networks, equipment, resources, data, and reputations are all at risk from ransomware. There are several variants of this malicious software, some of which are difficult to recover from. Even though ransomware is one of the stealthiest and most damaging cyberattacks, there are ways for businesses to reduce or avoid them altogether. For this, you must be aware of ransomware types in the cyber world and their potential impact.
Four popular ransomware types affect business systems and data varyingly, from feasible to practically impossible recovery.
Locker Ransomware encrypts a computer’s operating system to prevent access to the device. The lock screen ransomware variants are often the easiest to recover from because devices can be accessed even if they are barred (by restarting them in safe mode).
Crypto Ransomware encrypts only specific files within a company’s computer systems. When users click phishing emails, malicious links frequently infect their machines; once activated, they run a ransomware program. Additionally, hacked web applications can propagate crypto-ransomware. Each file could have a distinct encryption key during a crypto-ransomware attack.
In Doxware attacks, hackers threaten to expose encrypted material online in addition to encrypting it. Even if the target business has backup copies of the data that it can quickly restore, failing to pay the ransom might lead to the publication of private consumer data online.
In Ransomware as a Service (RaaS), skilled developers create ransomware code and sell it to people or organizations lacking the resources or personnel to create their proprietary codes. RaaS facilitates implementation similar to SaaS. Hackers obtain code they may include in their websites or systems for cyberattacks. The RaaS supplier and their client commonly referred to as an affiliate split the profits from each ransomware attack. Affiliates commonly utilize RaaS on a subscription basis, paying a monthly fee to access the service.
Furthermore, the author elaborates on steps you can take to mitigate ransomware attacks:
Unplugging your infected deviceRemote desktop protocol protectionEmployee trainingPatch management and mobile device management
To read the original article, click on https://www.cioinsight.com/security/ransomware-types/