Ransomware Is An Epidemic And It's Getting Worse
Synopsis
Ransomware attacks have tripled in the past year, costing U.S. companies millions and impacting over 1,000 businesses globally.
Synopsis
On February 24, 2021, the Afton School District in Missouri faced a ransomware attack that paralyzed its computer systems, forcing teachers and students into emergency virtual learning. Krishna Devolu, host of Crypto Land, discusses the growing threat of ransomware, which has tripled in frequency over the past year, costing U.S. companies millions. The episode details how hackers demand ransoms in cryptocurrency, leaving victims with few options. Cybersecurity experts share strategies to combat these attacks, including the use of blockchain technology.
Deep Dive
Why Watch
- See how a school district responds to a ransomware attack.
- Find out why ransomware is called an epidemic.
- Meet cybersecurity veterans fighting against cybercrime.
Did You Know
- Ransomware attacks have tripled in the last year, costing U.S. companies millions.
- On February 24, 2021, the Afton School District was hit by a ransomware attack.
- The attack on the Afton School District impacted all systems district-wide.
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Frequently Asked Questions
What is ransomware?
Ransomware is a type of cyber attack where hackers lock down data and demand ransom, often in cryptocurrency, to restore access.
How much have ransomware attacks cost U.S. companies recently?
Ransomware attacks costing U.S. companies millions of dollars have tripled in the last year.
When did the Afton school district experience a ransomware attack?
The Afton school district was hit with a ransomware attack on February 24th, 2021.
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