Financial safety

Cyber Extortion – Keep Information in Right Hands

In the film “Ransom”, Mel Gibson plays the role of a father who is trying to save his son kidnapped by a villain, and eventually leads an FBI team in a courageous rescue operation. However, nowadays the tactic of modern criminals is much more sophisticated. Instead of human hostages – the villain now holds hostage the business information.

Hospitals, government organizations and banks were target to ransomware, and confronting this challenge can be traumatic. Ransomware is a type of malware, that prevents the access to a user’s files unless a ransom is paid. The number of such attacks has risen by 16% during the last year.

The first ransom attacks were on a low level, they were operated by email and included DDoS attack threats, or encryption of devices by force, while demanding payment for access renewal. Financial organizations have been a constant target.