Ferrum Technology Services Blog

Ransomware is a dangerous online entity that continues to cause problems for businesses of all sizes. Thanks to its ability to encrypt workstations and even entire networks, ransomware has made its way to the top of the threat food chain, and it’s your responsibility to protect your business from it. Since infections are (more or less) impossible to remove, your best option is to prevent infections from happening in the first place.

Ransomware might be a relatively new player in the battle for the Internet, but its short history shouldn’t belittle the damage that it can do to both businesses and users of personal computers. Perhaps you’ve had the misfortune to encounter it for yourself, and your files were locked down because of it. Regardless, ransomware is now a prevalent part of the online crime scene, and people are using it to extort money from innocent users, making it a considerable threat.

First hackers created a formidable ransomware. Then, when word got out about how to avoid this ransomware, they began to bundle a second ransomware to create an encryption catch-22. Now, the developers of the Petya and Mischa ransomware have adopted a Ransomware-as-a-Service model and have opened their nefarious malware up to distribution.

Ransomware is so common in the world of online threats that even the FBI has labeled it a massive threat to businesses of all kinds. Unlike other types of malware, ransomware has a unique return on investment that’s measurable and highly lucrative for hackers. A new variant of ransomware called Maktub Locker lures victims into a false sense of security by tailoring phishing emails to match their street address.

Ransomware is a major problem in both the personal and private sectors of computing, but up until very recently, Apple users had little to fear from potential ransomware hacks. Security researchers at Palo Alto Networks have discovered what’s known to be the first completed ransomware on an Apple device. The threat, called KeRanger, is officially “in the wild,” and is a danger to any Mac user.

Today’s various versions of ransomware are dangerous. By forcibly locking down important files on a victim’s computer, threats like CryptoLocker and CryptoWall are posing significant threats to both businesses and ordinary computer users. However, a new type of ransomware has appeared called CryptoJoker; and we assure you, there’s nothing funny at all about this one.

In the wake of a ransomware takeover, it seems like the world can’t go a few months without some sort of data loss disaster occurring. The antics of hackers grow more dangerous and difficult to dodge, and IT departments have their hands full dealing with the fallout. What’s keeping you from contracting this ransomware, and how can you keep your business from suffering its consequences?