More and more, ransomware has emerged as a major threat to individuals and businesses alike.
Ransomware, a type of malware that encrypts data on infected systems, has become a lucrative option for cyber extortionists. When the malware is run, it locks victim’s files and allows criminals to demand payment to release them.
This figure covers the ransom demanded, along with the price of downtime, the network costs, and manpower. Assessing the ransomware losses for businesses requires a multifactor analysis—it’s never just the ransom itself.
Unless you’ve been living under a rock, you are probably well aware that ransomware is a hot topic in the news these days. Learn what you need to know to keep your company afloat!