WannaCry: A Stark Wake-up Call

16 May 2017
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Ransomware in the Headlines On Friday the world witnessed once more the global effect of malware and ransomware. By the end of Friday, over 200,000 computers from over 100 countries were infected by ransomware’s latest incarnation WannaCry. The creators of WannaCry managed to extract of 25,000 USD worth of Bitcoin in the few hours it was active. Ransomware is simply a form of malware which once executed encrypts files on your computer, you will then receive a ransom note informing that your files have been encrypted and in order to have access once more to your files you need to pay a ransom often within a certain timeframe.

Ransomware Will Evolve

17 Mar 2017
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With WannaCry dominating news headlines for a week, the world got a taste of what the future of ransomware may look like. Unfortunately, the future is most certainly not bright. Creators of ransomware are highly organized groups that on paper resemble companies in terms of structure and professionalism. The sole aim of such malware is to generate profit and such organized crime groups know their market incredibly well. Once your files become encrypted after infection the ransom note details how to buy Bitcoin or other cryptocurrencies, and how to pay the ransom in order to have files decrypted. The amount needing to be paid is carefully considered, normally amounted to a few hundred dollars. So while the situation is infuriating, many victims decide to pay and hope it will not happen again.

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