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Protect Your Data From Being Held Hostage

Definition

Ransomware is a malicious form of computer malware that has a serious affect on its victims. A ransomware attack is designed to lock or encrypt the files on your computer system until a ransom has been paid to recover the files. Essentially, the attacker creates a code designed to take over a computer or network and hijack predetermined files. In most instances, the users cannot even unlock their screen. The users are often forced to pay the ransom in bitcoin, a cryptocurrency, which is designed to be untraceable as it offers anonymity. The ransomware operators or attackers will give the user very specific instructions on how to carry out the payment and meet their demands. It should be noted, however, that paying the ransom does not guarantee that users will get the decryption key or unlock tool required to regain access to the infected system or hostaged files.

Example

An office employee checks his email, sees a message that looks important, and clicks on the link. Later, a message flashes on his computer screen that says his system—and all the files in it—have been locked. He has 72 hours to pay a ransom to unlock it or lose the files forever.

Why You Need MyCybercare Cover

Many people don’t remember to backup their important files, and many just don’t have the time. Having a backup of files can lessen the damage done by a ransomware attack. It is also vital that computer programs are regularly updated, as well as protected with the latest version of antivirus software. But even with these measures in place, anyone’s files can be potentially kidnapped by fraudsters. In the event of this happening, and the user has no choice but to pay the ransom, MyCybercare will cover the loss of funds up to R20,000.

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