What is Ransomware attacks ?
It is a type of malware that infects a computer system and restricts access to it or the data stored on it until a ransom is paid to the attacker. This type of attack has become increasingly common in recent years and poses a significant threat to the software of companies and institutions.
How ransomware attacks start ?
Ransomware attacks often begin with the user clicking on a malicious link or opening an infected email attachment. Once the malware is installed on the computer system, it quickly encrypts the victim’s files and demands payment in exchange for a decryption key. The attacker may threaten to delete or publish the encrypted files online if the ransom is not paid.
Risks of Ransomware Attacks:
Ransomware attacks have major impacts on companies and institutions. If important files or systems are encrypted, employees may not be able to perform their duties, leading to loss of productivity and revenue. Furthermore, a ransomware attack can expose sensitive data to risk, including financial information, intellectual property, and confidential customer data, which may lead to legal liability and damage to reputation.
In addition to the direct impact on the institution, a successful ransomware attack can also result in indirect costs, such as expenses for recovery and remediation efforts, potential regulatory fines, and damage to customer trust.
How to prevent Ransomware Attacks ?
Some of necessary steps that should be implemented by institutions to prevent ransomware attacks are:
- Train employees on how to identify and avoid doubtful links.
- Regular backup of sensitive data.
- Use advanced tools to identify malware.
- Consult cyber security agencies.
Additionally, organizations should consider investing in cyber insurance and take preventive measures to stay protected from ransomware attacks.
