GermanWiper Ransomware Targets SMBs

GermanWiper Ransomware Targets SMBs 

German SMBs are the target of a new ransomware that’s wreaking havoc on company data. 
The ransomware is delivered by a phishing campaign purporting to be from a potential job applicant, and the email contains an attachment that poses as a PDF resume from the sender. 

When users click on the attachment, it unleashes a ransomware attack that demands payment in Bitcoin to decrypt the files. 

Unfortunately, even if businesses pay the ransom, their files are unrecoverable. This particular ransomware, dubbed GermanWiper, erases the encrypted data, making it permanently inaccessible to users. 

GermanWiper is a reminder of the precarious nature of ransomware attacks that are increasingly targeting businesses and government organizations to extract large payments. If companies are unprepared for a ransomware attack, there is no guarantee that they will ever recover their information by paying a ransom, and other restorative processes can be even more costly than the ransomware demands.

Therefore, defensive initiatives are business's best bet for avoiding a ransomware attack, and, with security specialists (Like us!) ready to help out, now is the right time to ensure that your company is ready to defend against today’s always-shifting threat landscape.
https://www.bleepingcomputer.com/news/security/germanwiper-ransomware-erases-data-still-asks-for-ransom/

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