Crypto virus infections typically occur when a user clicks on a malicious link or downloads a malicious attachment delivered via email.
What is a Crypto Virus?Ī crypto virus also known as the CryptoLocker virus is a type of ransomware virus that encrypts files on a compromised device and demands ransom in exchange for a decryption code. Crypto viruses frequently result in significant downtime, data loss and reputation damage for organizations. However, the cost of a crypto virus attack far exceeds the ransom paid to decrypt files.
The US government estimates that over $1 billion in ransom is paid as a result of these attacks each year. Crypto virus attacks are on the rise, with roughly 4,000 attacks occurring daily.
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