Will Ransomware Die?
Ransomware has been one of the more prevalent security topics for past few years. Some probably think this form of digital destruction is here for the long haul. While this may be an accurate prediction, I can imagine a turn of events that would end this form of attack. To be clear, my theory is not that enterprise networks will plug every possible entry point. My prediction is that the ransomware business model COULD cease to be viable.
Let me expand on my position. For a business model to work, it has to have a monetization strategy. For ransomware, that strategy includes the victim sending money (typically bitcoin) to the attacker—trusting that they will be given the keys to decrypt their files. In this model, the victim has to trust their attacker [to do the right thing]. In and of itself, that seems to be an oxymoron and a plea in desperation.
So if these types of attacks fail to produce recovery options and gain widespread coverage, this trust is further eroded. To some degree this has already happened with Nyetya.
TALOS – New Ransomware Variant “Nyetya” Compromises Systems Worldwide
Without analyzing the key generation or key storage components, Talos believes Continue reading