To stay one step ahead, cybercriminals learn from past mistakes and adapt, producing new and improved variants of prior flawed strains of ransomware. Like owners of a legitimate enterprise, cybercriminals are refining their business strategies to artifice targets. Evidently, Trend Micro reports prove that the first quarter of 2016 has witnessed an increased percentage of attacks caused by some entirely new set of ransomware family variants. They have become more business savvy in their stealthy endeavours transforming ransomware into a lucrative venture for them. Cybercriminals have adapted reactively to this fast-changing cybercrime environment to maintain their extremely profitable operations. These advances make ransomware more powerful and challenging to control and conquer. It is now the big business adopted by the cybercriminals to stealthily steal, encrypt and destroy sensitive information.Īdvances in computer and network security has, in parallel, given rise to stronger encryption algorithms, improvement in attack installation and deployment methods, virtual currencies and anonymous networks. This pernicious malware gained stronger roots of severity when CryptoLocker evolved in 2013 causing fatal destruction to educational institutions, business organisations, law enforcement agencies, hospitals and local and state government who ended up paying exorbitant amounts of money through virtual currencies. Since its inception as AIDS Trojan in 1989, ransomware remained aloof until 2005 when in Russia, the first cases of the attack led to substantial monetary loss, Kaspersky lab reported. Ransomware is a malware for financial gain that denies victims access to the computer, data or browser and offers release of captured resources of target after payment of the ransom demanded.
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