Hikvision aims to provide timely news related to the latest cyber threats. In today’s blog, Hikvision Senior Director of Cybersecurity, Chuck Davis, will overview ransomware, detail a ransomware Android vulnerability, and provide tips to help you avoid becoming a victim to this threat.
What is Ransomware?
Ransomware is a diabolical form of malware that is silently installed on someone’s computer after they fall for a phishing attack. You won’t know that your computer is infected with ransomware until it is too late.
Ransomware quietly encrypts all of the files and folders on your computer, and any data on connected USB or mounted shared drives, and then uploads the decryption key to the threat actor who tricked you into installing the ransomware. You will then see a screen show up on your computer that informs you that your data is encrypted. To get the key to decrypt your files, you have to pay a ransom to the threat actor.
Ransoms are often hundreds or thousands of U.S. dollars and are collected in Bitcoin so it is difficult to trace. The good news is, if you have a good data backup, you can ignore the ransom and reinstall your operating system and restore your files. While ransomware is evil, it did give us one thing, we can now put a dollar value on backups. In addition to your time, a good and timely backup is worth at least hundreds, if not thousands, of dollars.