What is the difference between ransomware and crypto-malware?

Ransomware remains one of the most profitable tactics for cybercriminals, with the average ransom payment totaling $4.7 million in 2022. Crypto-malware, on the other hand, operates silently and surreptitiously in the background of the user’s system.

What is crypto ransomware?

Crypto ransomware specifically demands payment in cryptocurrency, often Bitcoin, Monero, etc which can be difficult to trace. The attackers typically give victims of crypto ransomware a deadline to pay the ransom or risk losing their files permanently.

What is Ransomware & how does it work?

(Photo credit: FLY:D) Ransomware is a type of malware designed to encrypt a computer, locking the user out of the computer or network completely. The attacker then demands a ransom to restore access to the system. These types of attacks have been carried out against individuals, companies, schools and even hospitals.