Crimeware on the Rise: A Look at the FBI’s Guidance on Ransomware

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Ransomware attacks, which use a type of malware that encrypts or locks valuable digital files and then demand a ransom payment to release those files, are on the rise. Ransomware is becoming an ever-more serious threat to the trustworthiness of internet infrastructure and business-critical IT systems. Ransomware is the new criminal business model. Due to black market economics, ransomware is not going anywhere – it’s easy to implement with high return on investment (ROI). Ransomware is less about technological sophistication and more about exploitation of the human element.

Despite repeated warnings since 2014, many individuals and organizations continue to suffer ransomware infections. For this reason, the FBI’s Cyber division recently issued an alert and new guidance on dealing with ransomware.

Key Takeaways:

Prevention is key when it comes to ransomware. Businesses and organizations can take necessary measures to better protect digital data, and those include using a comprehensive security suite and user awareness training. But above all, ensure critical data is backed up regularly to avoid catastrophic damage.

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