Explaining ransomware in detail: Answering all the top questions!

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The increasing incidents of malware attacks have been a major security concern for small and large businesses alike. Hackers are often using malware to launch backdoor attacks, and in many cases, malware infection is not detected for a long time, causing further damage. One of the common types of malware is ransomware. In this post, we are discussing more on how malware works and other tips on how to prevent ransomware attacks. 

Understanding the meaning of ransomware

Ransomware, like its name, is used to ask a ransom. Once ransomware infects a system, network or device, it encrypts the files, and in return, the hacker will ask for a ransom, against which a key or other means will be provided to restore access. Hackers typically contact the business once they are sure that ransomware has worked as intended, and money is sought often through cryptocurrencies, often in thousands of dollars. 

How does a ransomware infection happen?

There are varied ways in which ransomware can infect a system of device. It could be related to email attachments and phishing, and then, there are other kinds of ransomware, such as NotPetya, which are designed to exploit existing vulnerabilities. Ransomware can encrypt or selected files on a system, and the attacker will ask for money for the key. However, just because your company has decided to pay the hacker, it doesn’t always guarantee that the key will be granted. This is also one of the many reasons why ransomware is so dangerous. In most cases, unsuspecting employees are tricked to give admin or access details, which the hacker users to encrypt data or files. 

Can ransomware attacks be prevented?

Yes, absolutely. There are many measures that can be used to prevent malware attacks in general. For instance, all firmware and software must be updated to the latest version, default passwords must be changed immediately, and employees must be trained to know about ransomware issues and social engineering. Also, it is necessary to take backup of files and data from time to time, so that systems can be restored, in case a ransomware attack occurs. Keep in mind that your company will have to take preventive steps against ransomware and malware infections. Also, if you are unsure whether your system and networks are secure enough, considering hiring ethical hackers or run a bug bounty program. 

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