What Is a Ransomware Attack?
Ransomware attacks are a type of cybercrime where malicious actors use software to encrypt a victim’s data and demand payment (usually in cryptocurrency) for its release. Once infected, systems become unusable, often halting business operations entirely.
Who Is Behind These Attacks?
Cybercriminals behind ransomware attacks range from independent hackers to sophisticated criminal organizations. A recent case involved Artur Martirosyan, a 27-year-old Armenian national, extradited to the U.S. after allegedly launching ransomware attacks against multiple U.S. entities, including a tech company in Oregon. He and his co-conspirators demanded ransom payments in Bitcoin, some exceeding $100,000.
When and Where Do These Attacks Happen?
Ransomware attacks can happen any time, anywhere. They target:
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Small businesses
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Local governments
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Schools and universities
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Healthcare systems
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Large enterprises
The Oregon incident is just one of many ransomware attacks hitting U.S. companies regularly.
Why Do Hackers Launch Ransomware Attacks?
Cybercriminals use ransomware because:
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It’s profitable
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It’s scalable with automation
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It can be deployed anonymously
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Many victims pay rather than risk data loss
In the DOJ case, attackers used phishing emails and malware to breach systems, steal sensitive files, and extort victims by threatening to publish the data if payment wasn’t made.
How to Prevent a Ransomware Attack
1. Employee Training:
Train staff to spot phishing emails and suspicious links.
2. Regular Backups:
Backup critical data regularly and store backups offline.
3. Endpoint Protection:
Use antivirus and endpoint detection tools across all devices.
4. Patch & Update:
Keep software, plugins, and operating systems fully up to date.
5. Least Privilege Access:
Limit user access to only the data and tools needed for their role.
6. Have a Response Plan:
Prepare an incident response plan in case your systems are compromised.
Final Thought
Ransomware is one of the most disruptive cyber threats facing businesses today. The recent arrest and extradition of Martirosyan underscores how global and serious this crime has become. But with the right tools and policies, you can significantly reduce your risk.
Need help building a ransomware prevention strategy?
At Capital Data Service, Inc., we help businesses secure their environments and respond quickly to threats. Reach out today to protect what matters most.