Russian Ransomware Harasses US Business World Warns KnowBe4
Summary
CEO Stu Sjouwerman stated, “The report paints a picture of a professionally-run operation with unbreakable encryption which means most businesses infected will be faced with a decision on whether or not to pay the ransom, normally around 500 dollars. It is well known in security circles that it is not illegal in several Eastern European countries to create or distribute ransomware and other forms of malware outside its territory, implying Russian cybercriminals have full leeway to go outside those areas. But if that hack involves Cryptolocker, Cryptowall or other forms of ransomware, the nation’s top law enforcement agency is warning companies that they may not be able to get their data back without paying a ransom. Cryptowall is highly sophisticated, bullet proof code with unbreakable encryption that poses a danger to both consumers and businesses, as once a machine is infected and if no recent backups have been done, the files are lost forever. Since one of its major infection vectors is email, it makes a lot of sense to step end-users through effective security awareness training to prevent extremely expensive ransomware infections caused by phishing emails.” About Stu Sjouwerman and KnowBe4 Stu Sjouwerman (pronounced “shower-man”) is the founder and CEO of KnowBe4, LLC, which hosts the world’s most popular integrated Security Awareness Training and Simulated Phishing platform.
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