Ransomware, cyberespionage continuing to plague companies

Ransomware cyberattacks continue to plague businesses and corporations, as social engineering remains successful tactic.

Published Sun, Jan 11 2015 10:13 PM CST   |   Updated Tue, Nov 3 2020 12:11 PM CST

Before Sony Pictures had its data released to the Internet, the Guardians of Peace offered to simply disappear if they were paid a ransom - an extortion attempt that Sony promptly denied. However, this type of criminal activity is overshadowed by the new forms of malware customized to encrypt files and demand payment from compromised victims.

Ransomware, cyberespionage continuing to plague companies | TweakTown.com

Ransomware attacks tend to get the most attention when a new piece of malware hits the Web, infecting end-users and corporations. The ransoms range from as low as $200 up to thousands of dollars, with a short deadline before the files are permanently encrypted.

Cybersecurity experts warn these types of attacks will continue to increase in popularity, as many victims provide payment to the criminals.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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