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How ransomware could cripple countries, not just companies

LivemintLivemint · 11m
How ransomware could cripple countries, not just companies

Ransomware attacks are on the rise, posing a significant threat to businesses, infrastructure, and national security. Attackers use encryption to hold data hostage and demand hefty ransoms. These attacks have become more frequent and sophisticated, with smaller criminal groups emerging as major players in the cybercrime landscape. Western countries are resorting to sanctions, cyber-attacks, and legal measures to combat ransomware, but the challenges persist. The increasing use of cryptocurrency and the evolution of the ransomware-as-a-service model contribute to the persistence and profitability of these attacks. Improving cybersecurity measures, discouraging ransom payments, and enhancing international cooperation are crucial in fighting this growing menace.

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