Cloud Service Providers are a magnet for cyber criminals. The obvious exception is security analysts who deliberately poke the cloud’s security protocols and identify loopholes. When an unintended security breach occurs, rest assured that it is bad news.
Although each attacker may have different motives, they are certainly not good in any way. Some attackers prefer to pluck the data from the cloud and use it as a bargaining chip. It should come as no surprise that ransom ware incidents are constantly on the rise.
In Ransomware Attacks, the perpetrator will demand a certain sum of money in exchange for returning the stolen data. This puts the victim at a serious disadvantage as the attacker is in a position to call the shots.
The most ironic part of any ransom ware attack is that even if you pay the attacker the agreed sum of money and get back your data, you are never certain that the perpetrator has destroyed your data permanently.
In other cases, once an attacker gains access to your data on the cloud, it will be permanently destroyed. Imagine the catastrophic consequences of such a scenario for an e-commerce website where the whole database of its customers may be destroyed in an instance.