Cyber Defense eMagazine March Edition for 2022

Ransomware — Encrypt Your Data Before Others Do
Don’t let them look at your data.
By Robert Freudenreich, CTO and Founder, Secomba GmbH | Boxcryptor
A single malicious email, with the sender of the mail disguised as a colleague or client, can have severe
consequences for a company. With a fraudulent link that transmits sensitive account data in the wrong
hands or malware disguised as a seemingly ordinary Microsoft Office file, hackers will gain access to
business systems and servers within minutes. In this article, we will take a look at how the cloud and
encryption can help prevent or reduce damage in case of a ransomware attack on your company.
What is Ransomware and Why is it so Dangerous?
Ransomware is malicious software that gives unauthorized people access to company data, programs,
or even the entire computer system. In case of an attack, business operations are severely affected and
exclude personnel and organizations from accessing their files and systems. Ransomware attacks not
only have an impact on individual company processes but can also affect the entire supply chain.
The damage usually also affects external stakeholders of the company that was the victim of the attack,
for example customers, suppliers, and partners. With most operations coming to a complete hold,
companies are forced to pay high ransoms in order to regain control over their data and devices.
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