Tech Tips – April – Ransomware

Dangerous escalation in ransomware attacks

Last Updated Feb 20, 2016 10:24 AM EST

When Hollywood Presbyterian Medical Center revealed that it paid 40 bitcoins — roughly $17,000 — in ransom to hackers who essentially held the hospital’s computer system hostage, it marked a dangerous escalation in the high stakes surrounding ransomware.

It was reported the other day that Google had removed several Apps from the Play Store because they were associated with terrorist organizations.

Ransomware is exactly what it sounds like — malicious software used by hackers to block access to a computer system until a ransom is paid. It has become more common in recent years. The number of ransomware attacks increased from 100,000 in January 2013 to 600,000 by the end of that year, according to a 2014 report by antivirus software maker Symantec.

While the threat of ransomware isn’t exactly new, high-profile cases like this suggest the severity of an attack’s impact can be crushing, especially as hackers move from targeting individuals to bigger fish such as companies and major institutions like the hospital.

Tech Tips are Brought to you by

LIASB Technology Co-Chairs,

Joy Graceffo –  Long Island Essential Software & Training     Joy_Graceffo@liesoftware.com

Fred Dunwoody – FJD & Associates     fdunwoody@fjdassociatesinc.com

 
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