2021 Cyber Hot Topics: Ransomware

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2021 Cyber Hot Topics: Ransomware

July 13, 2021
  • Information Technology
  • Security

We're back to share a newsletter from our partners at The Financial Services Information Sharing and Analysis Center that is totally worth a look if you want to keep your business and personal info safe. (And you do, right?):

In response to the pandemic, many end-users are now working from home instead of commuting to their business locations. Homes are being used as business offices, and computers and networks are being shared by family members. Families are taking classes, doing homework, and surfing the web in addition to performing business functions.

The data created may be stored locally or in the cloud. Backups may not happen until the device is returned to the office or the end-user manually backs it up. This new environment is ripe for cyber-attacks.


The Perils of Ransomware

Ransomware is one of those cyber-attacks that are on the rise. Ransomware is a type of malware that is normally delivered through a phishing message. The phishing message entices the reader to click on a link or open an attachment. When the recipient falls for the phish, the process of infecting the device is started. It initiates a connection back to the attacker’s device to receive instructions for encrypting the device.

Once the encryption is completed, the user is locked out of their data and the device. At this point, a ransomware note is displayed, and a ransom is demanded in cryptocurrency (i.e., Bitcoin) to regain access to their data and their system.


Protect Your Family, Data, and Devices

So, what does this mean to you? How can you protect your family, data, and devices from these cyber attackers? Here are some best practices for cyber hygiene that can help protect you from becoming a victim of ransomware:


What to Do if You Get Infected with Ransomware

(One more little note from the Exclamation Team: If you think you've been a victim of ransomware, or this article just made you afraid to push any buttons on your computer, we're here to help. Our amazing IT Team can give you expert advice and connect you to the hardware and software you need to keep your business safe!)

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About FS-ISAC: The Financial Services Information Sharing and Analysis Center is the only global cyber intelligence sharing community solely focused on financial services. Serving financial institutions and in turn their customers, the organization leverages its intelligence platform, resiliency resources, and a trusted peer-to-peer network of experts to anticipate, mitigate and respond to cyber threats.

About The Exclamation Team: We're a group of multi-talented, multi-discipline, multi-tasking experts in IT and Marketing. When we’re not focused on helping one of our credit union or business clients take things to the next level, we’re probably creating something new and cool to share with the world. You can follow the Exclamation Team on Facebook, Twitter, LinkedIn, and Instagram.