The number of companies being affected by ransomware continues to grow worldwide. Ransomware gangs have been able to obtain significant payouts from companies in exchange for unlocking encrypted files or not publishing confidential data online. Such ransomware is typically deployed on a network through phishing, vulnerabilities or social engineering attacks. The latest cyber security news from around the world. Research and analysis from qualified cyber security journalists.

Once a machine is infected the malware attempts to distribute itself across the network specifically targeting servers and file storage devices. The infection process can be very stealthy with no obvious signs that anything has changed until it’s too late. Once an organization becomes aware of this type of attack they are faced with two options: either spend time trying to remove the virus manually or paying up-front to get their system back into working order. In many cases organizations choose to pay the ransom rather than risk losing sensitive information.

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