That was the crux of his presentation, given during Toronto’s SC Congress conference on Wednesday.
It’s been around for a while, but it’s only been in the last five to 10 years that criminals have started using it regularly as a way to make money – for example, in the case of Cryptolocker, they went after files people actually wanted, said John Shier, senior channel sales engineer at Sophos Ltd. Ransomware is a type of malware where cybercriminals take over a victim’s system or files and restricts access to them, providing users a decryption key once they pay them a sum of money. Artificial Intelligence (278) Auto Tech (9) Blockchain (62) CanadianCIO (18) Careers & Education (609) Channel (59) channel-strategy (4) Cloud (1084) Communications & Telecom (109) Companies (142) Data & Analytics (180) Development (38) Digital Transformation (778) Distribution (10) Diversity & Inclusion (36) eCommerce (140) Emerging Tech (68) End User Hardware (75) Engineering (1286) Financial (805) Fintech (98) Future of Work (32) Governance (20) Government & Public Sector (146) Human Resources (2087) Infrastructure (40) IoT (109) ITWC Morning Briefing (15) Leadership (2690) Legal (316) Legislation (102) Managed Services & Outsourcing (51) Marketing (1963) MarTech (7) Medical (345) Mobility (4995) Not For Profit (6) Open Source (140) Operations (5428) People (18) Podcasts (1391) Posts (4129) Privacy (791) Project Management (76) Security (3052) Service (893) Smart Home (49) SMB (497) Social Networks (424) Software (90) Supply Chain (26) Sustainability (30) Tech in Sports (247) Technology (7114) Women in Tech (80)įrom “software leases” to Cryptolocker, ransomware has been around for a while – but criminals are now taking victims’ data hostage as a way to make money, moving to mobile devices and other places where they can catch people off guard.
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