A widespread outbreak of a sneaky, file-encrypting piece of ransomware called Cryptolocker has many people talking. One very important question raised by Cryptolocker’s success to date: Should you ever pay a ransom to a cybercriminal?
Sophos security expert James Lyne, head of global security research at Sophos, went on cable network CNBC to explain how the criminal gang behind Cryptolocker is demanding a ransom in return for unlocking a victim’s files. In the video embedded below, James explains why you might not want to pay up, even if it means losing your valuable data.
According to James, the Cryptolocker thieves appear to be honoring their pledge to decrypt your files in exchange for a payment, but copycat criminals aren’t likely to be so “honorable.” He also explains how demanding a ransom in bitcoins allows the Cryptolocker gang to take in millions of dollars worth of payments that are very difficult to trace.
Learn how today’s cybercriminals target your computer, identity and money and get practical advice on how to combat anything that comes your way. Sophos security expert John Shierwill explore how malware threats actually work and what you can do to protect your company today.
We’ll show you:
What the threat landscape looks like, how it’s changing and trends to watch for
Real-world strategies for reducing your enterprise’s attack surface
How a layered security strategy provides better protection
The top five things you can do today to make your business more secure
John Shier- Senior Channel Sales Engineer at Sophos
John Shier is a Senior Channel Sales Engineer at Sophos. He provides technical sales support and product education to Sophos partners and customers. John also provides advice and insight into the latest threats for security and IT professionals with the goal of providing clear guidance on complex topics through Sophos and Channel Partner sponsored events including the popular ‘Anatomy of a Malware Attack’.
Towerwall we have helped scores of companies safeguard their data and leverage their investment in IT with advanced information security solutions and services. As a market leader within the IT security industry, we offer complete IT security services. Advanced Information Security Solutions in Massachusetts, New Hampshire, New York, Rhode Island, Connecticut, Vermont, Maine, & the Caribbean.