Crypto Ransomware & Cyberextortion Threat Management
What is Crypto Ransomware & Cyberextortion?
Crypto ransomware is a type of malware that infects a computer and restricts a user’s access to content accessible from that computer by encrypting the content. This type of malware attempts to extort money from victims by displaying an on-screen alert similar to the one depicted here with a demand that a ransom be paid to restore access.
How FolderGrid Can Help
FolderGrid retains every revision of each file you secure. This data retention feature provides you with the ability to walk "back in time" to revisit any prior version of any of your files. Should your content be encrypted or made inaccessible to you through a crypto ransomware infection of your workstation, you can rely upon FolderGrid to maintain unaffected copies of your secured content.
Crypto Ransomware & Cyberextortion Impacts
CryptoLocker, a highly effective form of crypto ransomware, hijacked more than 22,000 computers by the end of 2013 and extorted more than $30 million from victims. However, paying the ransom does not guarantee the encrypted files will be released; it only guarantees that the malicious actors receive the victim’s money, and in some cases, their banking information. In addition, decrypting files does not mean the malware infection itself has been removed.
