What You Should Know About Ransomware Viruses

The initial infections with Ransomware applications became famous in 2013, since then there have been more and more reported cases. Today, they are among the most frequent dangers online, threatening Internet users and organizations of all sizes.

According to the Verizon 2019 Data Breach Investigations Report, ransomware was the major type of malware in 2018.

What’s ransomware and how does it work?

Infestation with Ransomware usually leads to encryption of the data stored on the computer system.

However, certain forms of Ransomware block access to the data without encrypting it or perhaps put it online so everyone can see it.

Then the hackers demand a ransom to place everything back into its original condition and return the stolen info to the sufferer. Mostly, the transaction occurs through Bitcoin, through wire transfers or text messages at premium prices, to protect the anonymity of the attackers and make the payment hard to monitor. The ransom amount usually varies from $150 to $ 2,000 for individuals to thousands of dollars for a company. The Worst Aspect of Ransomware: A paid ransom doesn’t ensure that the blocked data will be unlocked by the attackers.

What ransomware viruses can do?

There are numerous big dangers when a PC is infected with Ransomware. Here are some situations:

  1. Loss of valuable data – such as the images from your last holiday or other personal events
  2. Loss of financial/important information – including your job-related stuff, student essays, and projects, etc..
  3. Identity Theft – Someone may use your photos and personal information to pretend to be you (online or in real life).
  4. Theft of Cash – Paypal accounts, bank account, email account, etc.. Attackers can lock you out of your complete online identity – Facebook, Instagram, Twitter, Email.
  5. Exposing your deepest secrets, such as a personal journal or sensitive photos that you don’t want to show. This nightmare has happened to a number of celebrities.

Fundamentally, Ransomware causes the information in your PC to be secured and encrypted before the ransom is paid. Usually through complicated solutions like Bitcoin. And while these data are locked, they can also be used by the cyber offenses against you.

How should I protect my device from getting held to ransom?

Most kinds of antivirus software can prevent Ransomware attacks and phishing attempts.

You want to know one thing: even if all of your personal photos and data are kept in a so-called protected cloud such as Amazon, Google Drive, Dropbox or iCloud, and your PC doesn’t have antivirus software, you’re not SAFE!

These famous individuals are exposed and hacked via phishing attacks that used fake sites. Again, even the easiest antivirus applications on the market might have prevented these kinds of attacks!

If you don’t have antivirus software installed, protect your privacy and information today!