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What is Ransomware? Everything You Should Know

eSecurity Planet

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. These keys are available to the attacker, and the encryption can only be decrypted using a private key. How Does Ransomware Work?

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Discover 2022’s Nastiest Malware

Webroot

But this year also saw the onset of the triple extortion method – with this type of attack, hackers threaten to steal your data, leak it and then also execute DDoS attack if you don’t pay up. As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience.

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. As part of double extortion attacks, tactics often include the threat of DDoS attacks. Simplistically, suppose the sensitive data is already encrypted.

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The 2022 ThreatLabz State of Ransomware Report

Security Boulevard

Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. Multiple-extortion attacks that utilize data theft, distributed denial of service (DDoS) attacks, customer communications, and more as layered extortion tactics to increase ransom payouts.