Ransomware: Is the party almost over for the cyber crooks?

Ransomware has become the biggest cybersecurity issue facing businesses, governments and the wider world today. 

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Cybersecurity: Let’s get tactical

As the sophistication, frequency, and consequences of cyberattacks continue to evolve and grow, so private companies and public agencies alike must adapt.

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A series of high-profile incidents during the past year – such as the Colonial Pipeline ransomware attack, the Kaseya ransomware attack, a string of attacks against hospitals and healthcare, including the Irish Healthcare Executive, and many others – have caused problems for millions.  

Ransomware is effective because, in many cases, the victim will give into the extortion by the cyber criminals and pay the ransom, often millions of dollars, to get a decryption key to restore their network. In other cases, the victims don’t pay, opting to restore the network themselves, a process that can take weeks or months – all the while having an impact on their business or services. Such has been the chaos caused that ransomware has even become part of the discussion between world leaders during international summits. 

SEE: A winning strategy for cybersecurity (ZDNet special report)

During the second half of 2021, law enforcement

Read More: https://www.zdnet.com/article/ransomware-is-the-party-almost-over-for-the-cyber-crooks/#ftag=RSSbaffb68