Article 5: What is Ransomware?

 Ransomware

Ransomware is a type of cryptovirological malware that permanently block access to the victim's personal device or data unless a ransom is paid.

Meanings:

• Ransom:  A sum of money demanded or paid  for the release of  a captive.
• Ware:  A application or software for a computer.

Ransomware Attack

Ransomware Attack is the process of encrypting ones personal files found on his personal device and demaning a ransom payment for the decryption key. Cyberattackers usually place organizations in a position where paying the ransom is the easiest and cheapest way to regain access to their files.

Types of Ransomware

Most common three types of ransomware are as follows:

1. Crypto Ransomware or Encryptors: Encryptors are one of the most well known and damaging variants. This type encrypts the files and data on their personal device within a system, making their data inaccessible without a decryption key.
2. Lockers:  Lockers completely lock you out of your system, so your files and applications are inaccessible. A lock screen displays the ransom demand, possibly with a countdown clock to increase urgency and drive victims to act. 
3. Scareware: Scareware is fake software that claims to have detected a virus or other issue on your computer and directs you to pay to resolve the problem. Some types of scareware lock the computer, while others simply flood the screen with pop-up alerts without actually damaging files.

Summary

Ransomware is a malware designed to deny a user or organization access to files on their computer. Ransomware has quickly become the most prominent and visible type of malware. Recent ransomware attacks have impacted hospitals’ ability to provide crucial services, crippled public services in cities, and caused significant damage to various organizations.

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