Ransomware- Part 1 – Reality Check

Ransomware is the greatest threat over the years. It has been affecting many sectors and has remained one the top risks. This blog provides a detailed description of the topics covered in the webinar.

Ransomware- Part 1 – Reality Check
Ransomware- Part 2: Reality Check
Ransomware- Part 3 – Reality Check
What is Ransomware?
Ransomware is a type of malicious software that blocks you from accessing your files or networks. To get your access back, they demand a ransom.
The first ransomware attack on the healthcare industry was carried out in 1989 by an aid trojan. Because it was symmetric encryption, which blocks users from accessing their files, the ransomware attack was carried out via a floppy disk sent by the postal service. The IT specialist discovered the decryption keys and was able to retrieve their access without any ransom.
Moti Yuung and Adam Young introduced the term Cryptovirology. It is a field that studies cryptography to create malicious malware and softwares. The IEEE security and privacy conference in 1996 was the first to develop the idea of encryption.
An anti-virus analyst might be able to identify the public key that contains malware, but an attacker could determine the private key. The attacker has created the key pair. This public key is used to encrypt the victim’s file and acts as a one way operation. The attacker’s private key is required to decrypt the file. These attacks can be done through your crypto virus, crypto worm, or Crypto trojan.
The victims’ computers become infected by cryptocurrency mining malware during a crypto-jacking attack. This malware infects the victim’s computer, uses the victim’s computing power and mines cryptocurrency. Palo Alto Networks discovered Crypto-jacking. There are many types of extortion, and there are many variants.
Triple Extortion Attack
Triple Extortion Attack can be described as an extension of double extortion, although the tactics used may differ. Once the attackers have encrypted your file it is inaccessible and demand ransom extortion. If you don’t pay the ransom, the threat actor may threaten to leak your data and threaten you with launching DDoS attacks.
This type of attack is most commonly carried out via email or malvertising ads from websites.
Ransomware is constantly evolving and cyber criminals with low technical skills can launch Ransomware attacks. This malware can now be made available to buyers like us. They leaked a playbook that explains how to launch ransomware attacks.

Ransomware: Top Trends
Here are the top Ransomware trends: Ransomware-as-a-service : It is a subscription that allows members to use the ransomware tool. This group can help you expand your reach and make your attack more widespread. It would be difficult for authorities to contain it. These creators have begun asking for a cut percentage of each successful ransom payments. The average is now 33%.
2. Attacking the Susceptible – The focus is on weak industries. Attackers have taken advantage industries that are badly affected by pandemics like healthcare and education. Remote connection or corporate connections are one of the methods. These attacks also target high-net-worth individuals’ personal devices.
3. Exploitation of Managed Service Providers The target is managed s.

Author: Kody