In 2016 alone, hackers have taken over $1 Billion in the form of ransoms from users trying to retrieve their files after being infected with Ransomware.
Ransomware is the most successful malware attack today. It works by locking up your files and crippling your systems until you’ve handed over the money.
And, one of the biggest problems in the fight against ransomware is the constantly reinvented attacks. Cybercriminals are finding new methods of spreading the malware, evading detection and even developing ransomware that deletes itself as soon as files are encrypted so that even IT security teams are unable to uncover what variant is on the system.
This video digs deeper into the inner workings of ransomware, techniques employed by crooks to evade traditional technologies and how it malware can be stopped: