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The first ransomware attack was spread by 20,000 floppy disks mailed to victims in the post. Now, ransomware has become a multi-million dollar extortion enterprise.
The evolution of ransomware is important for a number of reasons. Cybercriminals have changed their methods of attack to adapt to the technology of the times. Ransom demand payments have increased, as have the instances of ransomware. Ransom cyberattacks also use blackmail to extort victims with low cyber security.
These developments have made ransomware a potent threat for the foreseeable future.
Cyber Citadel knows that companies who ignore ransomware gamble with the probability of being repeatedly held hostage.