CryptoLocker (and its variants) is a type of Ransomware causing havoc in the workplace, especially for law firms who cannot tolerate downtime. This is how it works: cybercriminals use social engineering tactics to trick users to open certain attachments (in this case the attachment “CryptoLocker”). Once opened, it holds your data hostage by encrypting it and then requires payment to the cybercriminal to release (decrypt) it.
This targeted attack to businesses outweighs the consumer base because the thought of losing corporate data is much more damaging and has a higher potential for payout. Simply put, once your data is encrypted, you cannot open it, causing major downtime in terms of lost productivity. Loss of productivity includes the numerous hours spent restoring computer systems and data files. Being infected has the potential to cause financial loss to proprietary information and, worse yet, harm to an organization’s reputation.
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