The threat of ransomware was at the core of a recent FBI alert, Department of Homeland Security letter to a Senate committee and reported attack on an e-commerce company.
Ransomware infects computers through phishing attacks, malicious links or downloads. Once installed, the malware automatically encrypts documents and other data. To decrypt their data, victims must pay a ransom, generally anywhere between $200 and $10,000, usually via Bitcoin or other cryptocurrency.
This week, the FBI released an alert seeking help from businesses and security experts for emergency assistance in a ransomware investigation. The ransomware virus is a new strain called MSIL/Samas.A.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
