Ransomware 101: What to Do When Your Data is Held Hostage
eBook on September 12, 2016
Come explore the illicit world of ransomware. Is it simply an annoyance or is it a detriment to your organization? We’ll walk you through the software, the criminals, and their tactics; the debate around whether or not to pay ransoms; and provide tips to mitigate the threat. Read about a real life ransomware attack and how it was stopped.
A of couple weeks ago, HBO was hacked by an individual or group of hackers going by the moniker of “Mr. Smith”. Unfortunately for HBO, they seem to be going through a death by a thousand cuts. The hacker is slowly publicly posting pre-releases of upcoming TV episodes from “Ballers”, “Insecure” and “Room 104” according to an article by the Washington Post. The hacker is demanding a ransom to be paid in Bitcoin, in the amount of approximately $6 million.
If you’ve ever watched a detective show, you know a murderer suspect must have a motive, a means, and an opportunity to commit the crime. If we think about ransomware—malware that holds computers or data hostage—every cyber criminal on the planet has all three. As we discussed in our first article in this series [link here], hackers can make millions of dollars off a single strain of ransomware, so the financial motive is strong.