What is Ransomware?

September 6, 2021
by Backcross Solutions

“Ransomware is malware that employs encryption to hold a victim’s information at ransom. A user or organization’s critical data is encrypted not to allow access to files, databases, or applications. A ransom is then demanded to provide access. Ransomware is often designed to spread across a network and target database and file servers and can thus quickly paralyze an entire organization. It is a growing threat, generating billions of dollars in payments to cybercriminals and inflicting significant damage and expenses for businesses and governmental organizations.”

How does ransomware work?

Ransomware uses a type of “cryptography” known as asymmetric encryption that uses a pair of keys to encrypt and decrypt a file. The attacker generates the “keys” for the person they are hacking. Hackers will store these “keys” on their servers and only make those available to the victim once a ransom is paid. Unfortunately, even in that horrible situation, more and more hackers are not releasing the keys even after the ransom has been paid. Without access to those private keys, it is almost impossible for the victim to decrypt the files held for ransom. Ransomware attacks happen in various ways; the most common insert technique is through an email campaign. At Backcross Solutions, we are focused on helping our clients develop secure systems with minimal network vulnerabilities. 

How can you protect your business from ransomware?

Having an industry-leading partner helping to protect your business is a step in the right direction. At Backcross Solutions, we employ industry experts who can assist you in backing up your data and securing those backups. We also work tirelessly on behalf of our clients to stay informed and updated on the latest security software and trends that will keep your business safe. We always encourage our clients to practice safe surfing and to use caution when clicking any links. We believe our programs that help establish secure networks can protect your business against the onslaught of ransomware attacks hitting the cannabis industry.

We pride ourselves on being informed, prepared, and knowledgeable about the cyber threats that your business could face.