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Popp sent 20,000 infected diskettes labeled AIDS Information Introductory Diskettes to attendees of the World Health Organizations international AIDS conference in Stockholm.

Get the information you need to prevent infections, and find what to do if you are hit.

Ransomware attacks cause downtime, data loss, possible intellectual property theft, and in certain industries an attack is considered a data breach.

It typically gets installed on a users workstation (PC or Mac) using a social engineering attack where the user gets tricked in clicking on a phishing link or opening an attachment.

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Other attack vectors include unpatched programs, password guessing, compromised vendors, poisoned online advertising and free software downloads.

Once the malware is on the machine, it starts to encrypt all data files it can find on the machine itself and on any network shares the PC has access to.

This can lead to catastrophic situations in which a single computer can halt an entire organization or department.

New strains and variants come and go as new cyber mafias muscle into the business.

Techniques the cybercriminals are using are constantly evolving to get past traditional defenses.

Annual ransomware-induced costs are projected to exceed 20 billion by 2021, according to a Cybersecurity Ventures report.

However, cybercriminals are now often corrupting backups before the victims know what hit them.

Storage Magazine reports that over 34 of companies do not test their backups and of those tested 77 found that tape backups failed to restore.

According to Microsoft, 42 of attempted recoveries from tape backups in the past year have failed.

In the early days, hackers mostly targeted consumers, and it would encrypt immediately upon executing.

At first they would spread like a worm through organizations, collecting credentials and encrypting files along the way.

Threat actors are now a lot more intelligent in their approach.

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Once theyve gotten in, the malware dials home so that the hacker can do a full analysis on which data is most valuable to their victim, how much they can realistically ask for, and what can they encrypt that will get them a payday sooner.

Some of these criminals make you pay twice, once for the decryption key, and again to delete the data they have stolen.

In the U.S. alone, a single cybersecurity insurance consortium said they are paying 1M per day in ransomware payouts to these criminal gangs.

By now, there are tens of thousands of ransomware victims, including school districts, police departments, and entire cities.

It is important to understand that it is not just large organizations that are targeted, small and medium organizations are also at risk.

Some themes include the FBI variant, the Internal Revenue Service, and even sadly, now COVID-19 pandemic-themed ransomware.

In addition to updating themes, cyber criminals are also developing creative new ways to spread the ransomware.

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These include offering Ransomware-as-a-Service (RaaS) strains such as Dot or Philadelphia, where they offer your files back for free if you infect two other organizations.

There are even marketing videos on YouTube for some ransomware strains.

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