What is Ransomware?
Ransomware is a type of malware attack characterized by holding device control--and therefore locally stored data--for a ransom, which victims typically pay in bitcoin or with other virtual currencies. Sophisticated ransomware attacks employ disk or file-level encryption, making it impossible to recover files without paying the ransom demanded by the hackers.
In recent years, the percentage of attackers leveraging ransomware has increased as well as the total payment amount requested by cybercriminals. Howden Insurance Group recently conducted a survey which shows the average ransom payment in the U.S. increased by almost 300%."
Venari Security is able to detect ransomware characteristics hidden within encrypted traffic and accurately distinguish malware families.
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