Why You Should Know About ‘Ransomware’

I stood at the locked door of my family’s favorite neighborhood restaurant and peered in the window. How could it not be open on a Friday evening, I wondered. Then I saw the sign in the window, which explained it: The restaurant would remain closed all week because their computer system had fallen victim to a “ransomware” attack. Like many people, my daughters had never heard the term “ransomware” and had no idea what it meant. Unfortunately, for computer security …

Ransomware: $18 Million and Counting … in Only 15 Months

Catherine Heslep was logging off Gmail when her computer was hijacked, another victim of ransomware. “Your files have been encrypted,” the message on the screen proclaimed. “You will not be able to access them without an encryption code.” “The cost for the code was 60 bitcoin, which translates to $700,” she says. Getting no response, the cybercriminals issued another ominous warning the next day: “If you don’t believe us, pick five files and we’ll decrypt them to prove it. You …