The Dangerous Trend of “Ransomware-as-a-Service”

1. Why Ransomware is so dangerous to organization?
2. What is ransomware as a service?
3. How does ransomware service work as a crime?
4. What are the risks of ransomware?
5. How serious is ransomware?
6. How is ransomware detected?
7. When was the first ransomware attack?
8. What is cerber ransomware?
9. Should you pay the ransomware?
10. Can ransomware spread through WIFI?
11. Can you report ransomware to the police?
12. Is Ransomware a virus?
13. Can ransomware be removed?
14. Is Ransomware a crime?

Why Ransomware is so dangerous to organization?

These are the guys who snatch up your files and encrypt them, demanding payment in order to decrypt and redeliver. The reason why this type of ransomware is so dangerous is because once cybercriminals get ahold of your files, no security software or system restore can return them to you.

What is ransomware as a service?

Ransomware as a Service (RaaS) is a business model used by ransomware developers, in which they lease ransomware variants in the same way that legitimate software developers lease SaaS products.

How does ransomware service work as a crime?

In a ransomware as a service, a deceitful vendor offers hackers and malicious actors, a tool containing Ransomware for the purposes of attacking the Victim and to hold its computer files, information or systems hostage.

What are the risks of ransomware?

Consequences of a ransomware attack can be severe, and there is no guarantee a user will recover their data, even if they chose to pay the ransom money. On a personal level, an infection can result in financial damage or disclosure of sensitive information.

How serious is ransomware?

To put it simply: ransomware could ruin your business. Being locked out of your own files by malware for even just a day will impact on your revenue. But given that ransomware takes most victims offline for at least a week, or sometimes months, the losses can be significant.

How is ransomware detected?

Antivirus programs are designed to run in the background and they try to block attempts by ransomware to encrypt data. They monitor for text strings know to be related to ransomware. Using massive databases of digital signatures, these programs detect known ransomware file matches.

When was the first ransomware attack?

The First Ransomware Attack

According to Becker's Hospital Review, the first known ransomware attack occurred in 1989 and targeted the healthcare industry. 28 years later, the healthcare industry remains a top target for ransomware attacks.

What is cerber ransomware?

Cerber ransomware is ransomware-as-a-service (RaaS), which means that the attacker licenses Cerber ransomware over the internet and splits the ransom with the developer. ... The author of the ransomware offloads the work of finding targets and infecting systems to a partner in exchange for a cut of the profit.

Should you pay the ransomware?

The FBI's official statement on ransomware advises victims not to pay the ransom. There is no guarantee that the hackers will restore your information. Worse, it could put a target on your back if your business is seen as unprepared to handle cyber attacks and willing to pay the ransom.

Can ransomware spread through WIFI?

Yes, it is possible for a Ransomware to spread over a network to your computer. It no longer infects just the mapped and hard drive of your computer system. Virus attacks nowadays can take down the entire network down and result in business disruptions.

Can you report ransomware to the police?

Regardless of the size of your organization, ransom amount requested, extent of the damage or the chosen method of ransomware recovery, you should always report a ransomware attack to law enforcement.

Is Ransomware a virus?

But is ransomware a virus? Nope. Viruses infect your files or software, and have the ability to replicate, but ransomware scrambles your files to render them unusable, then demands you pay up. They can both be removed with an antivirus, but if your files are encrypted chances are you'll never get them back.

Can ransomware be removed?

You need to find a program that removes your type of ransomware, download it, scan your computer, and delete the malware. Get rid of ransomware and recover within hours after attack. When you are sure that malware is deleted, you can start the document recovery process.

Is Ransomware a crime?

The new law in California makes the use of ransomware a felony. ... The new law in California makes the use of ransomware a felony that is punishable by up to four years in prison.