What is Ransomware?
Ransomware refers to a class of malware that holds a computer "hostage" until the user pays a particular amount or abides by specific instructions. The ransomware then restricts access to the system when executed. Some cases of ransomware also repeatedly show messages that force users into paying the “ransom” or performing the desired action. There are even ransomware variants that encrypt files found on the system's hard drive. Users are then forced to pay up in order to decrypt the important or critical files that were altered by the ransomware due to file encryption.
Cybercriminals behind this threat made use of online payment methods such as Ukash, PaySafeCard, MoneyPAK or Bitcoin as a way for users to pay the ransom.
More information can be found here:
This article contains recommended practices in preventing Ransomware-types of malware from infecting machines on your network.
This malware is also known as: