More than half of the surveyed Australian businesses have suffered from ransomware incidents in the last financial year.
Within the first two months off 2016, over 200,000 Australians had fallen victim to these attacks, and the numbers soared to almost a staggering 700,000 in the two months that followed. Furthermore, these ransomware attacks doubled in the second half of 2016, from 5.5 to 10.5 percent.
Australia has become a prime target on earth for these attacks, suffering 1.42 percent of all attacks in the world, just a little behind Russia. The reason for this, according to Australian Communications and Media Authority research on malicious software, is that Australians "underrate the risks of malware."
One can almost say that there is a serious lack of vigilance within the Australian people, as nearly half of adults do not believe they will fall victim to such cyber crimes.
To put it succinctly, ransomware is a kind of malware that blocks the victim’s access to their own files. The attacker will then demand for a huge ransom in exchange for the decryption code for the blocked content; after the given time elapses, the files will be lost forever.
Even if you pay the ransom, that gives no assurance whether the culprit will keep up their end of the bargain. They may instead ask for a higher ransom, and the cycles goes on.
Ransom payments will also feed to their greed, not to mention encouraging them towards more cyber crimes.
Along with saying no to suspicious e-mails and content, here are two of the best ways on how you can defend yourself from ransomwares and other malwares:
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Our Crazy Domains Site Protection identifies these security holes and safeguards your site tightly from these ransomwares, as well as preventing identify theft and phishing, etc.
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The effects of malware can be devastating — the temporary or permanent loss of important data, disruption of operations, not to mention, the serious financial losses and tarnished reputation in business — something that should not be taken lightly. One should protect themselves at all times, and at all costs.