Ransomware, online fraud crimes

Ransomware is a virus that locks your data and prevents you from accessing critical information stored on your device, systems, network, etc. Cybercriminals use this malicious software to extort money in exchange for the locked information.

Ransomware, online fraud crimes

What Is Ransomware?

Ransomware is a highly complex type of malware. It blocks access to computer files, data stored in cloud drives, systems, and networks. Some malicious versions encrypt the data stored across networked devices, attached drives, local drives. Cybercriminals use this tactic to demand ransom fees in return for the locked data. They might even threaten to publish trade secrets and critical information if you don’t comply.

Ransomware attacks can disrupt operations and lead to significant data loss. Due to this, vulnerable victims and organizations pay a hefty price to retrieve important files.

Purpose & Intent

Ransomeware attacks have become fairly common these days. Cybercriminals threaten organizations and individuals by sending a code to their devices. You can unwittingly download this malware by following a link, clicking an ad, opening an email attachment from an unidentified sender. Sometimes the malware can be embedded within the website.

Most people don’t realize that their devices are infected. The ransomware attack becomes apparent when you cannot access your data.

At that point, a security alert pops up demanding ransom payments.

You can block ransomware attacks by securing your data, maintaining backup data in a USB drive, upgrading your antivirus software and OS system. Additionally, avoid opening emails and following links sent by an anonymous sender.

Has your data been locked?

Consult our IT experts for additional support.

Contact FraudTrac for more information.