4 types of ransomware you should also know about.

Oluwafemi Smith
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1.1K Views
Jul 18, 2022

In a natural habitat like the world in which mankind has over the years been living in, we are continually faced with threats. While some of these threats like global warming are natural to the entire global populace, some other threats have been considered man-made. Things like food supply, poverty, employment rate, and security are some of the man-made threats that concern us all.

While what appears tangible may be considered a fact to easily identify and possibly secure, the internet is prone to more security threats than you can imagine.

Before we proceed, it is pertinent to identify the brain behind this beautiful piece: The Watchtower, a leading and award-winning SEO company, Mobile app development, and web design agency in Dubai, dedicated to allowing its readers to get mind-engaging content every day.

In this post, you will understand a major threat on the internet space, and the types of ransomware that every online user is prone to.

What is Ransomware?

According to Wikipedia, Ransomware is a type of malware from crypto virology that threatens to publish the victim's data or perpetually block access to it unless a ransom is paid out as agreed. While some simple ransomware may lock the system without damaging the files, more advanced malware uses crypto viral techniques as their mode of extortion.

What are the 4 types of ransomware to watch out for?

Since taking one hostage has gone beyond a physical kidnap as seen in many disturbed nations, and in the movies, the internet space has seen more online security threats than you may have read in your tabloids. Below are

1.Double Extortion Ransomware.

2.Raas Ransomware.

3.Crypto Ransomware.

4.Locker Ransomware.

1. Double Extortion Ransomware.

This is a type of ransomware that uses both data export and file encryption to get the victims. If the attackers' demands are not met, they threaten to disclose stolen material with double extortion ransomware. This implies that the attacker still has control over the victim even if they can recover their data from a backup. However, since the attackers have access to the stolen data, paying the ransom does not ensure that the data will be protected either.

2. Raas Ransomware.

In this type, the ransomware creator rents out access to a ransomware strain to the offenders as a pay-per-use service. Similar to a SaaS concept, developers of RaaS put their ransomware on dark net websites and allow criminals to subscribe to it. The costs vary depending on the features and sophistication of the malware, and joining requires a fee. After infecting computers and obtaining ransom money, members follow pre-arranged terms to send a share of the ransom to the person who created the RaaS.

3. Crypto Ransomware.

On the Crypto ransomware, the victim is asked to pay a ransom in exchange for a decryption key after this ransomware encrypts all or some of the files on their machine. Recent variations also infect networked, and cloud storage. Malicious emails and downloads are just a few of the ways that crypto-ransomware spreads.

4. Locker Ransomware.

To infect networks, this malware employs social engineering strategies and stolen credentials. Once entered, threat actors start preventing users from using the system until they pay a ransom.

The victim's screen could display a pop-up message that reads, "Your computer was used to access websites that contained unlawful material. The popular one is "Your computer has been infected with a virus. You must pay a $1000 fine to continue using your computer. Click here to fix the problem."

This kind of ransomware completely prevents users from accessing computer systems.

These online threats are just some malware you are vulnerable to encounter as you surf the internet on a daily. However, the list does not end here. Ensure to always apply caution, and do not be eager to click on anything you are unfamiliar with online.

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