VNDirect was attacked: How dangerous is Ransomware?

The attack on VNDirect is not unique. Ransomware, a type of malware that encrypts data on a victim’s system and demands ransom for decryption, has become one of the most dangerous cybersecurity threats in the world today.

• The VNDirect incident and what makes Ransomware dangerous?

On March 24, 2024, VNDirect Securities Company in Vietnam became the latest hot spot on the map of international ransomware attacks. This attack is not an isolated case.

Ransomware, a type of malware designed to encrypt data on a victim’s system and demand ransom for decryption, has become one of the most widespread and dangerous cybersecurity threats in the world today. . The increasing dependence on digital data and information technology in all areas of social life makes organizations and individuals vulnerable to these attacks.

The danger of ransomware lies not only in its ability to encrypt data but also in the way it spreads and demands ransom, creating a financial transaction channel through which hackers can gain illicit profits. The sophistication and unpredictability of ransomware attacks make them one of the biggest challenges facing cybersecurity today.

The attack on VNDirect is a strong reminder of the importance of understanding and preventing ransomware. Only with a clear understanding of how ransomware works and the threat it poses can we establish effective protection measures, from educating users, to applying technical solutions, to building Comprehensive prevention strategy to protect critical data and information systems.