Ransomware Attacks and Consequences

Ransomware

• A type of malware that scrambles data in computer files, making them unreadable
• Cyber criminals hold locked files hostage until a ransom is paid
• Can paralyze an organization by spreading to all devices and files across the network

Characteristics of Ransomware Attacks

• Hackers may threaten to increase ransom amount if not paid quickly
• Hackers may threaten to sell compromised data unless ransom is paid

Consequences of Ransomware Attacks

• Devastating for an organization due to loss of productivity
• Damage to reputation
• Large amounts of money needed to pay ransom

Prevention

• Stopping, looking, and thinking before taking actions like clicking on links or opening attachments can prevent ransomware attacks

Ransomware

• Ransomware scrambles data in computer files, making them unreadable.
• Cyber criminals hold locked files hostage until a ransom is paid.
• Ransomware can paralyze an organization by spreading to all devices and files across the network.
• Hackers increase pressure on an organization by:
  • Threatening to increase the ransom amount if not paid quickly.
  • Threatening to sell compromised data unless the ransom is paid.
• Ransomware attacks can be devastating for an organization due to:
  • Loss of productivity.
  • Reputation damage.
  • Large amounts of money needed to pay the ransom.
• Prevention techniques include:
  • Stopping to think before clicking on links or opening attachments.
  • Being cautious to avoid potential ransomware attacks.