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Ransomware Global Damage

We continue to inform you about Ransomwares. In our last blog, we talked about how they spread and attack your information.

Today, we are going to talk about the scale of the harm that Ransomware is doing.

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 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 malware will encrypt them 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 graphical representation demonstrates the full anatomy of a Cryptowall Version 3 (CW3) attack lifecycle.

CryptoWall version 3 (CW3) attack lifecycle
Ransomeware Global Damage

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

In this way, Ransomware viruses spread around the world at top speed. 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 in Spinbackup we have automated everyday backup. It helps to keep your data safe and you relaxed. Never Lose Your Data and stay equipped to protect it!

This post first appeared on Spinbackup For Google Apps, please read the originial post: here

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Ransomware Global Damage


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