Essay - Ransomware - a new threat to deal with | SBI PO, BOB Manipal, NICL AO 2017 Descriptive - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs


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Tuesday, May 16, 2017

Essay - Ransomware - a new threat to deal with | SBI PO, BOB Manipal, NICL AO 2017 Descriptive

Hello and welcome to exampundit.  Here is an essay on Ransomware - a new threat to deal with  written by Prudhvi.


Ransomware – A New Threat to Deal with – Prudhvi Ghanta

A massive ransomeware attack showed the vulnerability of the world against cyber attack. Its over-reliance on the digital world and artificial intelligence has made its defence fragile and exposed to data thefts. The seeds of the massive cyber attack were sown by a mysterious hacking group “ Shadow Brokers “ in April when it leaked a hacking tool called “ Eternal Blue “ developed by the US National Security Agency(NSA).

Ransomeware is a type of malware that essentially takes over a computer and prevents users from accessing data on the computer until a ransom is paid. In most cases, the software infects computers through links or attachments in malicious messages known as phishing emails. Once the user clicks on the link or opens the document, their computer is infected and the software takes over. It demands users pay $300 worth of crypto-currency Bitcoin to retrieve their files.

Some of the major international institutions that were attacked by ransomeware are British Health Service, Russian Banks, Ministries, German Railways, Spain’s communications giant Telefonica, power firm Iberdrola,  French automobile company Renault, FEDEX etc.,

At a time when ransomeware is creating tremors across the global industry, the org that use pirated software are most vulnerable to cyber attacks. India’s cyber security unit Computer Emergency Response Team (CERT-In) must frame safety features like a firewall for safeguarding our data and systems.

The misuse of cyber tech seems to be the latest weapon of mass debilitation, Over-dependence on digital tech has become inevitable for a world that has to use computers to run tasks big or small, Private or public, financial or admin. However advanced the tech developed may be, there is always a threat of being attacked with malware. If India has largely escaped this time, it may only be a matter of time before the next attack succeeds. Before going full throttle as far as cyber crime is concerned, India should keep in mind the havoc cyber mischief can create.



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