TrapX Security Combats Ransomware with CryptoTrap

We’re pleased to announce the release of CryptoTrap™, a new tool aimed at helping enterprises detect and combat a rising tide of sophisticated ransomware attacks. The CryptoTrap tool uses deception technology to deceive attackers and lure them away from an organization’s valuable assets, giving enterprises the ability to detect and remediate ransomware threats before they can further compromise the network and harm critical data. CryptoTrap enables your security operations team to strike back at ransomware and take the initiative in defeating the cyber attackers.

Industry news shows us that ransomware attacks are accelerating in every industry.  According to the FBI, ransomware victims paid attackers a total of $209 million in the first quarter of 2016. The producers of the CryptoWall ransomware attack generated ransom of more than $300 million in 2015 alone. These trends are expected to continue and accelerate over the next few years.

Ransomware, plain and simple, is criminal extortion.  It brings cost in the form of ransom payments, and perhaps even worse, the disruption to your business operations. Ransomware is also unpredictable - cyber criminals and organized crime cannot be counted on to do what they say.  They can take the ransom money and still permanently remove or damage critical corporate information. The only reliable defense for your security operations team is to present a strong offense using tools like CryptoTrap.

You can see the TrapX press release on CryptoTrap here: http://trapx.com/trapx-combats-ransomware-attacks-with-new-cryptotrap-tool/