This caused huge losses to the airline and resulted in tarnishing its credibility.
For instance, in October 2018, Hong Kong's Cathay Pacific airlines were involved in one cyber breach incident where unauthorized access to personal details on 9.4 million passengers was accessed. The ransom results in creating distributed denial-of-service (DDoS) attacks until the ransom is paid or the data is lost permanently. In recent years, many companies have shifted to using cloud services to store their important information this has created an opportunity for attackers to target any vulnerability.
This results in creating a cyber-hostage situation. To curb this problem, Ransomware attaches itself to their data and prevents access to outsiders until the victim pays a ransom. From the inception of software, there have always been attackers searching to exploit innocent people through their encrypted attacks. Ransomware uses encryption to lock people out of their own data. The industry is impacted by technological developments and has witnessed the advent of ransomware protection solutions for mobile devices as well as Personal Computers. The inception of cryptocurrencies, such as Bitcoin, Etherium, has increased the demand for ransomware protection solutions, as the majority of the ransom is demanded in the form of cryptocurrency due to its untraceable nature. The global ransomware protection market is expected to witness significant growth as there is an increase in the demand for ransomware protection across industries making it a necessity in recent years.
How to update symantec encryption desktop 10.3.2 to 10.4.1 mac#
There are different types of Ransomware prevalent in the market such as Crypto malware, Lockers, Scareware, Doxware, RaaS, Mac Ransomware, and Ransomware on mobile devices. Ransomware protection is very important in today’s digital age as the personal files, pictures, documents, financial information of people are all easily accessible to hackers. Ransomware is a type of malware, which encrypts the files and folders present on one’s desktop or laptop to preventing access to important files by the victim.
The global ransomware protection market is expected to grow at a compound annual growth rate of 14.50% over the forecast period to reach a market size of US$33.320 billion in 2026 from US$12.875 billion in 2019.
0 kommentar(er)
