This is one of the scariest forms of attack on computing since viruses became prevalent in the nineties. The fact they were up until recently relatively undetectable adds another eerie dynamic to the situation. It highlights the aged old problem of people not pro-actively backing up their data offline until it's too late. Go out and buy a couple of cheap 1tb external drives and back your data up now and keep doing it, there are even tools and drives that handle this automatically for you.
While ransomware isn't anything new, the fact that the authors of such software are using currencies like Bitcoin make it that extra bit harder to track and stop these people from extorting data. I sense a new wave of ransomware is about to hit the scene now that Ars have revealed specifics about potentially making millions a year from such a racket. It's hard informing people about these things without encouraging others to go and try writing their own ransomware and expect Bitcoin as payment.
While ransomware isn't anything new, the fact that the authors of such software are using currencies like Bitcoin make it that extra bit harder to track and stop these people from extorting data. I sense a new wave of ransomware is about to hit the scene now that Ars have revealed specifics about potentially making millions a year from such a racket. It's hard informing people about these things without encouraging others to go and try writing their own ransomware and expect Bitcoin as payment.
This really worries me.