Data Privacy Detective - How Data Is Regulated, Managed, Protected, Collected, Mined, Stolen, Defended And Transcended.

Ransomware - a sinister type of cyberattack that installs malware onto a computer system. Once inside a network, the malware encrypts documents, freezing the IT systems of entities and individuals until they pay ransom to regain access to their data. Recent average cost paid to a ransomware syndicate? $333,000, according to Greg Edwards, founder and CEO of CryptoStopper, a leading anti-ransom software provider. www.getcryptostopper.com. Ransomware surfaced in the late 1980’s, when AIDS Trojan was injected through floppy disks. Victims were asked to pay a “license fee” of $189 to a post office box to restore access to their data. Ransomware became ever-more sophisticated. Thanks to Bitcoin and other cryptocurrencies that emerged around 2012, thieves could hide their identity, and attacks mushroomed. Most start through a careless employee who gets phished and permits the villain to enter the enterprise’s system. Malware is unleashed to encrypt data, including on back-up copies held within the enterprise. Ra