Ransomware is making headlines once again, as cybercriminals target high-profile organizations. A prominent example is Colonial Pipeline, a Texas-based oil pipeline system that shut down its entire fuel distribution following an attack in May.
The attack resulted from a single compromised password used by hackers to gain entry into Colonial Pipeline’s networks. The hackers attacked successfully using ransomware.
Ransomware is a constantly evolving attack tool used by cybercriminals. In addition to costing agencies time and money, it can halt operations or even bring down an entire government network and associated services. Agencies can be better prepared to deal with such attacks by understanding which claims about ransomware are fallacies and which are fact.