Recent “ransomware”and the most extensive U.S. have underscored how gang extortionist hackers can disrupt the economy and put lives and livelihoods at risk. alone in the U.S., ransomware gangs hit more than 100 federal, state, and municipal agencies, upwards of 500 , 1,680 educational institutions, and untold thousands of businesses, according to Emsisoft. Dollar losses are in the tens of billions. Accurate numbers are elusive. Many victims shun reporting, fearing the reputational blight.
More recent known targets include a Massachusetts ferry operator, the, and the Washington, D.C., police department. But the broadly disruptive in the U.S. in May and Brazilian meat processor JBS SA this have drawn close attention from the White House and other world leaders and heightened scrutiny of the foreign safe havens where cybercriminal mafias operate.
WHAT IS RANSOMWARE? HOW DOES IT WORK?
Ransomware scrambles the target organization’s criminals leave instructions on infected computers for negotiating ransom payments. Once paid, they for unlocking those files. Ransomware crooks have also expanded into data-theft blackmail. Before triggering encryption, they quietly copy sensitive files and threaten to post them publicly unless they get their ransom payments. That can present problems even for companies that diligently back up their networks as a hedge against ransomware since refusing to pay can incur have negotiated.. The
HOW DO RANSOMWARE GANGS OPERATE?
And they tend to keep their word. They have brands to protect, after all. The business is now highly specialized. An affiliate will identify, map out and infect targets using ransomware typically “rented” from a ransomware-as-a-service provider. The provider gets a payout cut; the companion generally takes over three-quarters. Other subcontractors mayget a slice. Those include the malware’s authors used to break into victim running so-called “bulletproof domains” behind which the ransomware gangs hide their “command-and-control” servers. Those servers sowing of malware and data extraction before activation, a stealthy process that can take weeks.