Ransomware Targets Millions

Ransomware

The Cyber Crime Unit of England’s National Crime Agency recently reported an intense ransomware campaign that is targeting tens of millions of banking customers – both consumers and businesses – in the United Kingdom.

Ransomware is a type of malware that hijacks a user’s computer by taking control of its monitor or screen, locking the system and displaying a ransom message that suggests the targeted user owes back taxes or some type of payment to the bank. To unlock the system, the message indicates that victims must pay approximately $850 to receive a decryption code.

This ransomware is delivered via phishing e-mails, which purport to be from banking institutions. These e-mails contain malicious attachments that compromise a user’s computer when opened.

Though current activity is mainly focused overseas, U.S. banking clients should be aware of the threat.  As a best practice, we recommend that you make backups of critical data, ensure that your computer’s operating system is properly patched and update your anti-virus/anti-malware software. You should also be very cautious with attachments or links in e-mails.  If you know the sender but the message still looks suspicious, verify before you proceed.  If they didn’t send the message, delete the e-mail immediately.

The complete article is available here: http://www.bankinfosecurity.com/ransomware-targets-millions-in-uk-a-6237/op-1