Types of Ransomware Attacks To Look Out For

Given that businesses today, regardless of size or industry, rely on some sort of computer system to operate, cybersecurity is a prevalent concern. Securing your data against the threat of cybercriminals is crucial to protect your customers’ and employees’ information, as well as sensitive information about your business. Whether it be financial records, business plans, or new product information, businesses can’t afford for their data to be compromised. 

For vulnerable businesses, ransomware attacks can strike at any time and leave a lasting mark. Here, we’ll go over the main types of ransomware attacks so that you can better protect yourself against cybersecurity threats. Keep in mind that with cybersecurity experts by your side, you’ll have a long-term strategy for ransomware protection. 

Defining Ransomware

Ransomware is a type of malware that pervades a computer system and encrypts data files. Once the ransomware has infiltrated the victim’s system, the hacker holds the data for ransom, only returning data access to the victim once a payment has been made. 

At this point, the victim will be provided with instructions to make the payment and receive the decryption key. In a ransomware attack, a hacker may demand hundreds or thousands of dollars, and the payment must typically be made in Bitcoin. 

How Does Ransomware Reach My System?

Hackers can use a few different methods for ransomware to overtake your system. For one, they may use phishing spam. This common type of cyberattack comes in the form of an email with attachments pretending to come from a trusted source. Once the victim opens the email, downloads the attachments, and opens the attachments, the ransomware can overtake the victim’s computer.

Types of Ransomware Attacks

Many types of ransomware attacks have spread throughout the world in previous years, the most significant of which we’ll list below. By knowing these ransomware attack types, you have more information with which to protect your own information. 

WannaCry

WannaCry is an internationally-known ransomware type that’s hit more than 125,000 entities across the globe. In fact, the organizations affected by WannaCry spanned 150 countries. WannaCry is now a highly recognizable ransomware attack around the world. 

It was crafted to abuse a weakness in the Windows system by an entity dubbed the “United States National Security Agency”. The healthcare industry was hit particularly hard by WannaCry, and the attack brought attention to the out-of-date systems used by hospitals globally. Billions of dollars were lost at the hands of WannaCry, making it one of the most destructive ransomware attacks in recent years. 

Locky

Locky is a ransomware attack that was introduced in 2016. It infiltrated victims’ computer systems using phishing; false emails were sent to victims claiming to hold an invoice. Once the victims downloaded and opened the “invoice”, it was deleted automatically. Then, the victims were instructed to enable macros in order to view the attachment. Once macros were enabled, the Locky software was able to encrypt files with AES encryption. 

Cerber

Cerber is a destructive ransomware type known for having a decryptor for every variant that works in 12 separate languages. With this flexibility, Cerber opened up the opportunity for creators to develop affiliate systems. So, creators could generate large sums of money on the side from their own cyber attacks.

The Cerber software specifically targeted users on Office 365 using an advanced phishing campaign. Millions of people and organizations have already fallen victim to Cerber. 

GoldenEye

GoldenEye is related to Petya, a well-known ransomware attack that emerged in 2016. Using a large-scale social engineering campaign, GoldenEye sought out human resource departments as targets. Once the victim downloaded the file with GoldenEye ransomware, a macro launched and began to encrypt the victims’ data. 

Jigsaw

Jigsaw is a type of ransomware that encrypts, then gradually deletes, encrypted files until the victim pays the ransom. Files are deleted one at a time, hour by hour, for 72 hours, at which point all of the files are deleted. This creates additional stress for the victim. This ransomware type was dubbed “Jigsaw” for its inclusion of an image of the puppet from the Saw movies. To protect your home or business against ransomware, contact Inletware today. We’ll help you out a comprehensive cybersecurity plan in place.

The Main Benefits of Using The Cloud For Data Storage

Nowadays, the majority of businesses are turning to the cloud for a variety of operational needs. One major application of the cloud is data storage. Rather than using local storage to house and protect their data, companies are opting for the web-based storage available on the cloud. This can offer numerous benefits to businesses on the path to long-term growth. When compared to local storage, cloud data storage solutions are superior in price, convenience, and functionality. We’ll discuss the full range of benefits that businesses can reap from cloud data storage below. 

How The Cloud Works For Data Storage

How exactly does cloud data storage work? It uses one or more data servers that you, as the user, can access through the Internet. Then, connected to the server through the Internet, you can send files to the cloud. Files may be sent manually or automatically. 

Once you send files to the server, it will pass on the data to multiple other servers. At this point, your data can be accessed through the Internet, providing greater convenience and flexibility than local storage solutions. 

The Benefits of the Cloud For Data Storage

  1. Storage Savings

To preserve cash flow and maximize resources, businesses are always looking to cut costs when possible. Switching to the cloud for data storage can lead to lower costs for businesses at all stages. With the cloud as your data storage solution, you won’t have to spend money on hardware (and electricity to power that hardware) for your data. Plus, with a cloud vendor securely managing your data, you don’t need onsite management of hardware and software. This cuts down on your management costs while allowing you to allocate funds and manpower to other critical tasks. 

  1. Flexibility For Customization

Cloud vendors generally offer a range of data storage tiers to fit different needs. This can help you save money by selecting a tier that fits your needs. Rather than having to choose a cloud service that provides far more storage than you need, you can select the tier that matches the current scope of your business’s data needs. Then, as you grow, you can always upgrade your data storage tier. This ensures that you’re not paying for more storage than you’ll actually use. 

  1. Security

Cybersecurity is essential in today’s world of rampant cybercrime. The security of your business’s data is crucial to prevent a data breach. A breach would waste your precious time by sending the company into repair mode, rather than moving forward. 

In comparison to an onsite data storage solution, cloud storage offers more value for money in ransomware and malware protection. Backup security features are often offered, given that proper authentication is required to access any information on a cloud.  

  1. Advanced Disaster Recovery

Consider that all of your company’s data is stored on hardware located inside of your office. Now, consider that a flood sweeps through the area, reaching your office space and causing your hardware to short circuit. In this case, you would have a difficult disaster recovery on your hands, and some of your data could be gone for good. 

Now, imagine that your office floods, but all of the company’s data is stored on the cloud. That data is safe on the Internet, and no force of nature could ever damage it. This example goes to show that cloud data storage is an excellent disaster recovery strategy. With your data on the cloud, you can feel confident in your business’s ability to bounce back from a disaster with speed. 

  1. Facilitate Remote Work

Especially in the current global climate, remote work is an important aspect of many businesses. Many employees are now looking to work from home, and remote work can help businesses save on resources, including office space. 

Since data stored on the cloud is accessible on any device via the Internet, it facilitates remote work. Your employees will be able to reach the data that they need from any location, so long as they have access to the Internet and proper authentication. This is an excellent benefit for businesses looking to offer their employees the option of going remote. To learn more about cloud storage for your business, contact Inletware today.

Disclaimer


Microsoft and Windows are trademarks of the Microsoft group of companies. Mac and OS X are trademarks of Apple Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners. InletWare is an IT consultation third party company and reseller of multiple brands


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