Page 69 - Cyber Defense eMagazine June 2024
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The Scourge of Ransomware
By Jaye Tillson, Director of Strategy and Field CTO, Axis Security / HPE
Ransomware has become a growing threat in our new hybrid world. It encrypts a victim's files, rendering
them inaccessible, and demands a ransom payment for the decryption key. This can cripple businesses,
government agencies, and even individuals, causing significant financial losses, operational disruptions,
and reputational damage.
How Ransomware Works:
Ransomware typically infiltrates a system through phishing emails, malicious software downloads, or
network security vulnerabilities. Once inside, it encrypts files, making them unusable. Hackers then
demand a ransom payment, usually in cryptocurrency, to provide the decryption key. The pressure is
high, as victims risk losing access to critical data permanently if they don't comply.
Cyber Defense eMagazine – June 2024 Edition 69
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