Ramsonware has been a one of the main cyber threats to business organization. Ransomware are usually targeted organization since the main objective of the attacks is to ask for money from the victims. Organizations created and stored numbers of information or data in their system everyday which are increasing from day to day. Moreover, cybercriminals has already learnt an investigated about their victims before attacks, for sure they will targeted an organization that earns such a huge amount of income. The information in the organization is essential for its business operation, without it the organization cannot run the business and it will lead to management issues. Therefore, if the cybercriminal are asking for money after …show more content…
It attacks the victim through a malicious Android app called Porn Droid that locked the user's phone and changed its access PIN number.The cybercriminals demanding for about $500 for the payment. There is also Ransomware called Internet of Things Ransomware. Andrew Tierney and Ken Munro, demonstrated this malware attacked, locked and demanded a one-bitcoin ransom on a generally available smart thermostat at one event which is 2016 Def Con conference.
Asian Country also threatened by Ransomware attack. In Malaysia, WannaCry attack has arrived and infecting IT user especially business companies. Founder of Cyber Security Firm LGMS, C.F. Fong said that, one of his client which is a company director discovered the Ransomware on his personal laptop. It is detected as WannaCry which is one of the famous type of Ransomware. However, the laptop has been formatted after the attack.
The victim did not report the Ransomware case to the Malaysian Communications and Multimedia (MCMC) as he was obligated to do so by the cybercriminal. A livemap that tracking the spread of Ransomware has detected that it has appeared in Malaysia. Surprisingly, there is a new version of Ransomware called WanaCrypt0r 2.0 that has been found in the cyberspace. Other Asian country that has been threatened by Ransomware attacks are such as China, Japan, Indonesia and