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Ransomware: Global Damage

Ransomware: Global Damage

Today, we are going to explore the damage that Ransomware brings and guide you how to ensure effective Ransomware protection.
The Cyber Threat Alliance (CTA) conducted an in-depth study about the virus CryptoWall version 3 (CW3). So, we are sharing their analysis and publishing excerpts of the CryptoWall report:
Ransomware is a type of malware that encrypts a victim’s files and subsequently demands payment in return for the key that can decrypt the said files. These files may contain various types of information, such as important financial data, business records, databases, and personal files that may hold sentimental value to the victim, such as photos and home movies. Once these files are identified, the ransomware will encrypt the files using a key known only by the attackers. In order to acquire this key to decrypt these files, the victim must pay a ransom to the attackers, often in the form of electronic currency, such as bitcoin.

CryptoWall is one of many prominent ransomware malware families, which include TorrentLocker, TeslaCrypt, and CTB-Locker, among others. The security community first discovered CryptoWall in June 2014. Since then, a number of variations of CryptoWall have surfaced. The third variant (version 3) began infecting machines in January 2015.

The following infographics demonstrates the anatomy of a CryptoWall version 3 (CW3) attack lifecycle.

You can check the real-time dashboard of the globally detected CryptoWall viruses.

In this way, Ransomware infection rapidly spread around the world. Think ahead to protect your data with security services. It should be a regular, daily habit for business and private users. But it should not be a daily burden, which you see as a nuisance. That’s why Spinbackup provides automated daily backup. It helps to keep your data safe and you relaxed. Follow Spinbackup’s data loss prevention best practices and stay fully protected!

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