By definition, ransomware is a type of malware that can access files or systems and prevent users from accessing these files or systems. All files, even the entire device, are encrypted as a hostage until the victim pays the ransom in exchange for the decryption key. This key allows users to access files or systems encrypted by the program.
The history of ransomware
The first known ransomware attack was detected in 1989, but it has been a threat to the business world for many years. The first attack was initiated by AIDS researcher Joseph Popp in 1989. He distributed 20,000 floppy disks to AIDS researchers in more than 90 countries/regions. He claimed that the disk contained an A program that can analyze the risk of individuals acquiring the virus by using a questionnaire to investigate AIDS. However, the disk also contained a malware program that was initially hibernated in the computer and could only be activated after the computer was powered on 90 times. After reaching the 90-start threshold, the malware displays a message requesting payment of $189 and another $378 in software rental fees. This ransomware attack is called the AIDS Trojan or PC Cyborg.
Impact on business
Ransomware attacks have the ability to cause catastrophic effects, which may disrupt catastrophic business operations, data loss, and financial losses. The impact of ransomware attacks includes the loss or destruction of critical information, reputation damage, business interruption, and possibly even business closure.
Ransomware has maintained prominence as one of the biggest threats in modern-day commerce. Consider this:
- A new organization will fall victim to ransomware every 14 seconds in 2019, and every 11 seconds by 2021. (Source: Cyber Security Ventures)
- 1.5 million new phishing sites are created every month. (Source: webroot.com)
- Ransomware attacks have increased by over 97 percent in the past two years. (Source: PhishMe)
- A total of 850.97 million ransomware infections were detected by the institute in 2018.
- 34% of businesses hit with malware took a week or more to regain access to their data. (Source: Kaspersky)
- In 2019 ransomware from phishing emails increased 109 percent over 2017. (Source: PhishMe)
As a business, a business or a government getting into ransomware is a dangerous game-the business will eventually be stuck with limited or no choice. Sensitive information is risky, but paid hackers cannot guarantee that the information has not been copied. The payment of the ransom does not guarantee the safe return of all documents.
So what should be done? How can companies resist the negative impact of ransomware?
Some of the tips to guard against ransomware attacks includes:
- Performing regular backups on important data and keeping backup copies disconnected from the computer
- Installing the latest patches for operating systems and software in use
- Keeping your anti-malware program and signatures up to date
- Carrying out a regular full scan to detect and guard against malware attacks
- Refrain from visiting suspicious websites or downloading any files from them
- Do not open any suspicious emails or instant messages, as well as the attachments and hyperlinks inside
“Play by the rules but be ferocious.” – Phil Knight
Ransomware insurance is an insurance policy that covers financial losses caused
Attacked via ransomware.
This kind of insurance makes it possible to obtain protection against financial losses.
It comes from the cost of handling and recovering from ransomware attacks.
The language and coverage of ransomware insurance policies may vary greatly.
Therefore, insurance experts recommend insurance policies that can be extorted,
Payment and loss of revenue due to attacks.
The future of ransomware
Cybercriminals continue to evolve, and ransomware operations are becoming more complex and creative in terms of profiting from their efforts. The profit potential of ransomware authors and operators also promotes rapid innovation and brutal competition among cybercriminals
The focus of today’s global business field is to build a sustainable business through powerful functions
System and adequate insurance to prevent threats.
Therefore, it is essential that all businesses, organizations, and enterprises must protect themselves from potential ransomware attacks.
So, it’s not a bad idea to get good Ransomware protection after all.
Sebastian was born and raised in the busy city of Abbottabad. As a journalist, Saad Mushtaq has contributed to many online publications including the PAK Today and the Huffing Post. In regards to academics, Saad Mushtaq earned a degree in business from the Abbottabad UST, Havelian. Saad Mushtaq follows the money and covers all aspects of emerging tech here at The Hear Up.Thanks
Solar Energy Innovation: Unleashing The Potential Beyond Power Generation
Solar energy has long been recognized as a clean and renewable source of power generation. However, its potential extends far beyond electricity production. Through innovative applications, solar panels are driving breakthroughs in various sectors, revolutionizing transportation, water desalination, and even powering everyday gadgets. This article explores the diverse and exciting realm of solar energy innovation, highlighting its transformative impact on our lives and the environment.
1. Solar-Powered Transportation:
Solar panels are propelling the transportation sector into a greener future. Solar-powered electric vehicles (EVs) are emerging as a promising solution to reduce dependence on fossil fuels. Solar cells integrated into the roofs and bodies of EVs harness sunlight, supplementing the vehicle’s battery charging process. This technology extends the vehicle’s range, reduces charging requirements, and ultimately decreases carbon emissions. Solar-powered charging stations are also being deployed to provide clean energy for electric cars, making long-distance travel more sustainable and accessible.
2. Solar Desalination:
Water scarcity is a pressing global issue, particularly in arid regions. Solar desalination harnesses the power of the sun to convert seawater or brackish water into fresh water. Solar stills, using solar panels, employ evaporation and condensation processes to separate water from impurities, producing clean drinking water. This innovation offers a sustainable solution to water scarcity, reducing reliance on energy-intensive desalination methods and decreasing the strain on freshwater sources.
3. Solar-Powered Gadgets:
Solar panels are powering an array of gadgets, enabling us to harness solar energy in our daily lives. Solar-powered chargers for mobile devices, such as smartphones and tablets, provide a convenient and environmentally friendly charging option on the go. Solar-powered outdoor lights illuminate pathways and gardens without the need for wiring or electricity. Additionally, solar-powered backpacks equipped with solar panels can charge devices while hiking or traveling, enhancing convenience and reducing reliance on traditional charging methods.
4. Solar-Powered Agriculture:
Solar energy is transforming the agricultural sector, offering sustainable solutions to power farming operations. Solar-powered irrigation systems utilize solar panels to generate electricity for pumps, reducing reliance on fossil fuel-powered alternatives. These systems are cost-effective, environmentally friendly, and enable farmers to irrigate their fields even in remote locations. Solar-powered greenhouse operations are also gaining popularity, providing optimal conditions for crop growth while minimizing energy consumption and carbon emissions.
5. Solar-Powered Air Conditioning:
Traditional air conditioning systems are energy-intensive and contribute to carbon emissions. However, solar-powered air conditioning presents an innovative solution. Photovoltaic thermal hybrid collectors utilize solar panels to generate both electricity and heat, which can then be used for cooling purposes. These systems reduce electricity consumption, lower operating costs, and offer a sustainable alternative for temperature control in residential, commercial, and industrial settings.
6. Solar-Powered Disaster Relief:
Solar energy plays a crucial role in disaster relief efforts, providing power in areas where the electrical grid is damaged or nonexistent. Portable solar panels and solar-powered generators offer immediate access to electricity for emergency communication, medical equipment, and lighting. These innovative solutions enhance the effectiveness of relief operations, ensuring critical services are available during challenging times.
7. Solar-Powered Water Heating:
Solar thermal technology utilizes solar panels to heat water for domestic and industrial use. Solar water heaters are becoming increasingly popular, offering an energy-efficient and cost-effective alternative to traditional water heating systems. These systems reduce reliance on fossil fuels, lower energy bills, and contribute to the reduction of greenhouse gas emissions.
Solar energy innovation is expanding the horizons of what is possible with solar panels beyond electricity generation. From powering transportation to desalinating water, and from charging gadgets to revolutionizing agriculture, solar panels are revolutionizing multiple sectors and driving sustainable solutions. As technological advancements continue, solar energy will become increasingly accessible, efficient, and integrated into our daily lives. By embracing solar energy innovation, we can create a more sustainable and resilient future, benefiting both our planet and future generations.
Kenneth is a proud native of sydney, born and raised there. However, he pursued his education abroad and studied in Australia. Kenneth has worked as a journalist for almost a decade, making valuable contributions to prominent publications such as Yahoo News and The Verge. Currently, he serves as a journalist for The Hear Up, where he focuses on covering climate and science news. You can reach Kenneth at [email protected].