Ransomware Moves from ‘Economic Nuisance’ to National Security Threat
The recent cyberattack on Colonial Pipeline, the operator of the largest petroleum pipeline in the U.S., shows how internet criminals are increasingly targeting companies and organizations for ransom in what officials and experts term a growing national security threat.These hackers penetrate victims’ computer systems with a form of malware that encrypts the files, then they demand payments to release the data. In 2013, a ransomware attack typically targeted a person’s desktop or laptop, with users paying $100 to $150 in ransom to regain access to their files, according to Michael Daniel, president and CEO of Cyber Threat Alliance.“It was a fairly minimal affair,” said Daniel, who served as cybersecurity coordinator on the National Security Council under U.S. President Barack Obama, at the RSA Cybersecurity Conference this week.In recent years, ransomware…