What is a Ransomware?
Ransomware is a type of malicious software designed to block access to a computer system or encrypts victims files until a sum of money is paid. Ransomware attacks are typically carried out using a Trojan disguised as a legitimate file that the user is tricked into downloading or opening when it arrives as an email attachment.
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Space Recovery's investment in the development of specialized software allows us to recover data from ransomware-encrypted systems, virtual machines, backup files, tapes, and other storage media. Ransomware incidents vary on the type of payload, and data recovery can be complex. We provides the best possible solutions for data recovery success
Ransomware is often spread through phishing emails that contain malicious attachments or through drive-by downloading. Drive-by downloading
occurs when a user unknowingly visits an infected website and then malware is downloaded and installed without the user’s knowledge.
Ransomware software can be delivered via social media messaging platforms,
untrustworthy domains, and drive-by-download attacks. Frighteningly, advanced cybercriminals have developed ransomware—such as NotPetya—that can infiltrate networks, exploit vulnerabilities,
and access sensitive information without social engineering tricks that try to get users to grant access themselves.
Ransomware code is often not sophisticated, but it doesn't need to be, because unlike many types of traditional malware,
it usually does not need to remain undetected for long in order to achieve its goal. This relative ease of implementation
versus high-profit potential attracts both sophisticated cybercrime actors, as well as novice ones to operate ransomware campaigns.
Ransomware attacks work by gaining access to your computer or device, and then locking and encrypting the data stored on it.Ransomware prevents you from accessing the files stored on your computer.
This malicious software essentially holds your files hostage, which can wreak havoc on an extremely broad scale for larger organizations
While ransomware attacks may have been relatively fewer in number, their financial impacts drastically increased. In 2019, average remediation costs for a company that had incurred a ransomware attack were over $761,000. In 2020, the figure had more than doubled to $1.85 million
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