Ransomware

Ransomware is a type of malware that prevents or limits users from accessing their system. This type of malware forces its victims to pay the ransom through certain online payment methods in order to grant access to their systems, or to get their data back. Some ransomware encrypts files (called Cryptolocker). Other ransomware use TOR to hide C&C communications (called CTB Locker).

Read:

• 93% of all Phishing Emails are now Ransomware

• University of Calgary pays $20,000 to Ransomware attacker

• Alarming Rise of Ransomware

• Cryptolocker

Read

• Ransomware History

• Beware the Rise of Ransomware

• How to Rescue your PC from Ransomware

• The Evolution of Ransomware

Activity

Find another example of a situation where Ransomware cost somebody a lot of money. Summarize what happened and provide a link to the story on your blog.