If you're old enough... and geeky enough, you may remember this:
All Your Base Are Belong To Us was one of the famous early internet memes. You can take a break and read more about it here and here.
Memes are fun! But ransomware isn't. We've talked about ransomware many times in the past. It's a kind of virus or malware (malicious software). It's been in the news quite a bit and the healthcare industry has had particular ransomware problems. And the news will continue after May's "WannaCry" and June's Petya/GoldenEye global attacks.
Basically, in a ransomware attack, infected computers cause data to be encrypted. Normally encryption is a good thing, but only when you can also decrypt your data. In this attack, only the attacker can restore your access to the information, and will do so for a "small consulting fee".
Payment is typically made using Bitcoin. Bitcoin has also been in the news. It is what is called a "crypto-currency". It's basically an online way to pay for things, kind of like an online debit card where you already have the funds in your account. The main reason Bitcoin is used for ransomware is that it is fairly anonymous, particularly when compared with traditional credit cards or banking. It's not completely anonymous - it does protect identity during transactions, but eventually someone may have to turn that bitcoin into other traditional currency.
With all the ransomware attacks, some organizations are getting bitcoins so that they are ready in case they need to pay ransom!
Memes are fun! But ransomware isn't. We've talked about ransomware many times in the past. It's a kind of virus or malware (malicious software). It's been in the news quite a bit and the healthcare industry has had particular ransomware problems. And the news will continue after May's "WannaCry" and June's Petya/GoldenEye global attacks.
Basically, in a ransomware attack, infected computers cause data to be encrypted. Normally encryption is a good thing, but only when you can also decrypt your data. In this attack, only the attacker can restore your access to the information, and will do so for a "small consulting fee".
Payment is typically made using Bitcoin. Bitcoin has also been in the news. It is what is called a "crypto-currency". It's basically an online way to pay for things, kind of like an online debit card where you already have the funds in your account. The main reason Bitcoin is used for ransomware is that it is fairly anonymous, particularly when compared with traditional credit cards or banking. It's not completely anonymous - it does protect identity during transactions, but eventually someone may have to turn that bitcoin into other traditional currency.
With all the ransomware attacks, some organizations are getting bitcoins so that they are ready in case they need to pay ransom!






