A New Kind of Ransomware Is Hurting Small Business

Criminals have stolen valuable assets and kidnapped people for ransom for thousands of years. As society became more sophisticated and technologies advanced so did criminals. It isn’t a surprise that the Internet has brought supersized new opportunities for the bad guys. One of the newest opportunities is crypto-ransomware.

Crypto-ransomware became much more prevalent in 2014, but this isn’t the kind of ransomware you may be used  daftar slot online to hearing about. Just a few years ago, ransomware relied on tricking computer users with phony warnings like the computer is infected, pay this fee to clean up “viruses” that aren’t really on your computer or scaring the computer user saying he must avoid fines from police for a crime he didn’t commit.

The new form of cyber crime can stop a business instantly by using malware to freeze all the files and documents until a ransom is paid. Symantec’s latest report says it is one of the fastest growing threats to small and mid-sized businesses on the Internet.

Criminals use malware to encrypt the information on the hard drive then hold a victims files, photos and other information on the computer hostage. They demand payment to receive a key to unlock the files. The cost can be steep. It is usually $300 to $500 in bitcoins, enough in U.S. currency to severely harm a small or mid-sized business. Even after the ransom is paid there is no guarantee the files will be de-encrypted.

Symantec in their 2015 Internet Security Threat Report stated ransomware attacks grew 113 percent in 2014, driven by more than a 4,000 percent increase in crypto-ransomware attacks. Ranosmware attacks more than doubled in 2014 from 4.1 million in 2013 to 8.8 million. Crypto-Ransomware expanded from 8,274 in 2013 to 373,342 in 2014. That’s 45 times more crypto-ransomware in the threat landscape within a one-year span.

Small and mid-sized businesses should be concerned

Symantec’s report stated 2014 was a year of far-reaching vulnerabilities, faster attacks, files held for ransom, and far more malicious code than in previous years. Nearly one-million new viruses are discovered every day. They say 60 percent of all targeted attacks struck small and mid-sized businesses. Just as alarming, a recent Palo Alto Network study stated that 52% of malware in 2013 focused on evading security making it more difficult to guard against an attack.

Leave a Reply

Your email address will not be published.