Ransomware is real

The YouTube video seeks to raise awareness about Ransomware. This type of malware has extended from individuals to the corporate world. Companies and individuals paid out more than $209 million in ransom in the first quarter of 2016 alone. As at February 2016, over 24 million had been hit by a “Locky”. The figures are alarming and more measures need to be put in place.

The Lessons

  • Seek assistance from cyber security firms for advice on proper security of one’s devices
  • Conducting awareness in the private and public sectors
  • Security education and developing the integrated security ecosystem
  • Individuals and companies to adopt a multi-layered security system to reduce the level of vulnerabilities

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