The Evolution, Impact, and Mitigation of Ransomware Attacks

EasyChair Preprint 12018

Abstract

Ransomware attacks have emerged as a significant threat to individuals, businesses, and governments worldwide, evolving in sophistication and impact over time. This paper explores the evolution of ransomware attacks, examining their origins, tactics, techniques, and procedures (TTPs), and the devastating consequences they have on victims. From early, relatively simple encryption-based attacks to more recent, complex variants utilizing advanced techniques such as double extortion and ransomware-as-a-service (RaaS), the threat landscape continues to evolve, posing challenges for cybersecurity professionals and law enforcement agencies. The impacts of ransomware attacks extend beyond financial losses, encompassing reputational damage, operational disruptions, and even threats to national security. To mitigate these threats effectively, a comprehensive approach is necessary, incorporating technological solutions, robust cybersecurity practices, threat intelligence sharing, and collaboration between public and private sectors. By understanding the evolution of ransomware attacks and implementing proactive measures, organizations can better protect themselves and mitigate the risks posed by this pervasive threat.

Keyphrases: Cybersecurity, Encryption, Ransomware, Ransomware-as-a-Service (RaaS), Threat Intelligence, collaboration, countermeasures, double extortion, evolution, impact

@booklet{EasyChair:12018,
  author    = {Haney Zaki},
  title     = {The Evolution, Impact, and Mitigation of Ransomware Attacks},
  howpublished = {EasyChair Preprint 12018},
  year      = {EasyChair, 2024}}