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BankTech Bytes: The Evolution of Ransomware

5/21/2021 - By Stephen Reyes, CISA, CISSP

This BankTech Bytes Newsletter discusses the evolution of ransomware and what it is today.

As many people know, ransomware started by simply encrypting large amounts of victims’ data and holding the encryption key until the victim paid a ransom. The initial iterations of this were almost harmless, but as we look back, the genius involved is obvious.  

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About the Author | Stephen R. Reyes, CISA, CISSP

Stephen is shareholder in charge of the Information Technology Services Department of Saltmarsh, Cleaveland & Gund. He joined the firm in 1997 and has been practicing in this field since 1990. His experience includes computer networking and technology consulting. Stephen is a Certified Information Systems Auditor, Microsoft Certified Systems Engineer and a Cisco Certified Network Associate. He also holds certifications with ISACA, Novell, Citrix, and CompTIA.


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