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Consider the following statements with reference to LockBit Ransomware:
1. It is malicious software designed to block user access to computer systems.
2. It only targets individuals and requests financial payment in exchange for decryption.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to LockBit Ransomware...
LockBit Ransomware
LockBit Ransomware is a type of malicious software that is designed to block user access to computer systems. It encrypts files on the infected system and demands payment, usually in cryptocurrency, in exchange for decryption. However, the second statement that it only targets individuals and requests financial payment in exchange for decryption is incorrect.
Clarification of Statements
1. Statement 1: It is correct that LockBit Ransomware is malicious software designed to block user access to computer systems. Once a system is infected, the ransomware encrypts files and demands payment from the victim for decryption.
2. Statement 2: This statement is incorrect as LockBit Ransomware does not only target individuals. It can also target organizations, businesses, and other entities. The ransom demanded by LockBit Ransomware is not limited to individuals but can also be requested from organizations for decryption keys.
Therefore, the correct answer is option A) 1 only, as the first statement accurately describes LockBit Ransomware while the second statement is not entirely correct.
LockBit Ransomware is a type of malicious software that is designed to block user access to computer systems. It encrypts files on the infected system and demands payment, usually in cryptocurrency, in exchange for decryption. However, the second statement that it only targets individuals and requests financial payment in exchange for decryption is incorrect.
Clarification of Statements
1. Statement 1: It is correct that LockBit Ransomware is malicious software designed to block user access to computer systems. Once a system is infected, the ransomware encrypts files and demands payment from the victim for decryption.
2. Statement 2: This statement is incorrect as LockBit Ransomware does not only target individuals. It can also target organizations, businesses, and other entities. The ransom demanded by LockBit Ransomware is not limited to individuals but can also be requested from organizations for decryption keys.
Therefore, the correct answer is option A) 1 only, as the first statement accurately describes LockBit Ransomware while the second statement is not entirely correct.
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Community Answer
Consider the following statements with reference to LockBit Ransomware...
Recently, the U.S. Department of Justice has indicted Russian national Dimitry Yuryevich Khoroshev and announced a $10 million reward for his alleged involvement with LockBit ransomware.
- It is malicious software designed to block user access to computer systems in exchange for a ransom payment.
- It was formerly known as “ABCD” ransomware, but it has since grown into a unique threat within the scope of extortion tools.
- It is a subclass of ransomware known as a ‘crypto virus’ due to forming its ransom requests around financial payment in exchange for decryption.
- It focuses mostly on enterprises and government organizations rather than individuals.
- It functions as ransomware-as-a-service (RaaS). It is now working to create encryptors targeting Macs for the first time.
- Working
- It works as a self-spreading malware, not requiring additional instructions once it has successfully infiltrated a single device with access to an organisational intranet.
- It is also known to hide executable encryption files by disguising them in the . PNG format, thereby avoiding detection by system defences.
- Attackers use phishing tactics and other social engineering methods to impersonate trusted personnel or authorities to lure victims into sharing credentials.
- Once it has gained access, the ransomware prepares the system to release its encryption payload across as many devices as possible.
- It then disables security programs and other infrastructures that could permit system data recovery.
Hence only statement 1 is correct.
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Consider the following statements with reference to LockBit Ransomware:1. It is malicious software designed toblock user access to computer systems.2. It only targets individuals and requests financial payment in exchange for decryption.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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