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PayPal Patents Ransomware Detection Technology

Posted: April 23, 2019 to Cybersecurity.

Tags: Ransomware, Data Breach, Malware

By now everyone should know that ransomware is a huge threat. PayPal aims to do something about that. What we can figure out from the patent filed by the online transaction company is that PayPal seems to have found a way to detect ransomware before all your files are locked away, and in that time they can either prevent the encryption process or they can make copies of files and store them safely away before they get encrypted. How does PayPal intend to detect ransomware before it springs into action? A lot of ransomware variants follow the same general pattern: They duplicate a file, encrypting the new one, then delete the original. PayPal's new anti-ransomware will watch for files to be loaded in the memory cache and look for the usual file shenanigans ransomware undertakes, allowing only processes that are on a whitelist to go through while blocking processes that are not on the list.

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About the Author

Craig Petronella, CEO and Founder of Petronella Technology Group
CEO, Founder & AI Architect, Petronella Technology Group

Craig Petronella founded Petronella Technology Group in 2002 and has spent more than 30 years working at the intersection of cybersecurity, AI, compliance, and digital forensics. He holds the CMMC Registered Practitioner credential (RP-1372) issued by the Cyber AB, is an NC Licensed Digital Forensics Examiner (License #604180-DFE), and completed MIT Professional Education programs in AI, Blockchain, and Cybersecurity. Craig also holds CompTIA Security+, CCNA, and Hyperledger certifications.

He is an Amazon #1 Best-Selling Author of 15+ books on cybersecurity and compliance, host of the Encrypted Ambition podcast (95+ episodes on Apple Podcasts, Spotify, and Amazon), and a cybersecurity keynote speaker with 200+ engagements at conferences, law firms, and corporate boardrooms. Craig serves as Contributing Editor for Cybersecurity at NC Triangle Attorney at Law Magazine and is a guest lecturer at NCCU School of Law. He has served as a digital forensics expert witness in federal and state court cases involving cybercrime, cryptocurrency fraud, SIM-swap attacks, and data breaches.

Under his leadership, Petronella Technology Group has served 2,500+ clients, maintained a zero-breach record among compliant clients, earned a BBB A+ rating every year since 2003, and been featured as a cybersecurity authority on CBS, ABC, NBC, FOX, and WRAL. The company leverages SOC 2 Type II certified platforms and specializes in AI implementation, managed cybersecurity, CMMC/HIPAA/SOC 2 compliance, and digital forensics for businesses across the United States.

CMMC-RP NC Licensed DFE MIT Certified CompTIA Security+ Expert Witness 15+ Books
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