Protecting yourself and your organization from ransomware

There was a time in Nigeria when kidnapping was the order of the day. Recently we have heard of high profile kidnappings where the abductors would take innocent people and demand a ransom from their family members and loved ones before they are released. It may interest you to know that cybercriminals have designed mechanisms whereby they can also “kidnap” your critical information and demand for a ransom to get it released. Ransomware are software used by attackers to encrypt, or lock your information, making it unreadable and unusable. The attackers would demand for a ransom to be paid before they can release such information. It is a criminal business model that has proven extremely profitable as some of the advanced actors stand to make millions of dollars from the ‘trade’. What makes it very effective is the lack of a backup system which raises the chances that the victim…

Guidance with Ransomware attack (WannaCry)

One of the worst global cyberattack started on Friday, 12th of May 2017, and has affected more than 200,000 system in more than 150 countries across the globe. The attack is a ransomware (a malicious program that encrypts data on a system and demands for a ransom before the files are decrypted) variant which exploits Windows systems with an earlier reported vulnerability listed in one of Microsoft’s security bulletin, MS17-10. The ransomware dubbed “WannaCry” requests a ransom of USD 300 to obtain the decryption key. The European and America continent have been the worst hit by the ransomware, but lately, there have indications of infections within Nigeria especially around Lagos and Abuja, and more systems are getting infected by the minute. There have been efforts to takedown the attack but there have also been reports that a new variant of the ransomware has been developed to evade the current takedown…