Outline on Ransomware Attacks.edited

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Rongo University College *

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MISC

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Information Systems

Date

Nov 24, 2024

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docx

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4

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1 Term Paper Student Name: Professor: Institutional Affiliation: Course Title: Date:
2 Outline on Ransomware Attacks Thesis Statement Ransomware assaults have emerged as a prevalent and highly intricate manifestation of cybercriminal activities, resulting in substantial monetary ramifications and compromising the security of sensitive information. This research paper examines the evolution, operational methods, consequences, and mitigation strategies of ransomware assaults. It uses case studies to demonstrate the expanding risk environment and the significance of proactive cybersecurity precautions. Outline Of Subtopics 1. Introduction of Ransomware: In the introduction, I will describe ransomware as malicious software that uses encryption techniques to render information or systems inaccessible after coercing the victim into remitting a ransom in exchange for the decryption key. Furthermore, I will explain the significance and ramifications of ransomware assaults in the contemporary era of digital technology. 2. Ransomware Evolution: Subsequently, I will delve into the development of ransomware by reflecting on its historical progression from primitive forms to contemporary, more intricate variations. Also, I will discuss how bitcoin facilitates ransomware payments as well. 3. Ransomware Modus Operandi: I will clarify the conventional process of a ransomware assault, including the stages of supply to the ultimate payment. Additionally, I will explain the strategies assailants use to get unauthorized entry into computer systems and sensitive information. 4. Ransomware Attacks Impacts: I will investigate the financial and reputational ramifications that companies and people may face due to ransomware attacks. Additionally, I will examine
3 concrete instances of organizations and other entities that have encountered the adverse consequences of ransomware. 5. Mitigation and Prevention of Ransomware: I will discuss the optimal methodologies and security protocols that may be used to safeguard against threats of ransomware. Furthermore, I will examine the significance of consistent data backups, comprehensive staff training, and well-defined incident response strategies. 6. Case Studies: Included on the reference’s sections are the case studies I researched to be ideal for this term paper. 7. Ethical and Legal Implications: I will analyze the legal ramifications that cybercriminals who engage in ransomware assaults may face. Additionally, I will explore the moral dilemmas associated with ransom payments. 8. Conclusion : I will sum up the research's primary facts. Furthermore, I will underscore the criticality of collective endeavors from entities, governments, and people to counter the escalating problem posed by ransomware.
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4 References Dekker, N. (2022, June 22). Dark Web Statistics: A Hidden World of Crime and Fear - eftsure . Eftsure.com. https://eftsure.com/statistics/dark-web-statistics/ Europol. (2020). Internet Organised Crime Threat Assessment (IOCTA) . European Union Agency for Law Enforcement Cooperation. https://www.europol.europa.eu/cms/sites/default/files/documents/internet_organised_crim e_threat_assessment_iocta_2020.pdf Krebs, B. (2021, April 29). Task Force Seeks to Disrupt Ransomware Payments . Krebs on Security. https://krebsonsecurity.com/2021/04/task-force-seeks-to-disrupt-ransomware- payments/