What is Ransomware?
Ransomware is a form of malware which locks away a victim’s files and then requests payment to have them returned. Ransoms are paid through a digital currency such as Bitcoin, which allows for highly encrypted and anonymous transactions. While a ransomware attack can be a nuisance for individual computer users, for businesses the repercussions can be far greater. A loss of sensitive data, particularly that of clients and customers can lead to serious damage to reputation and financial losses. In order to protect themselves from Ransomware, businesses should work closely with IT security specialists to ensure that systems are updated with the latest software, patches and firewalls and that they have access to offline backups of their data should the worst happen, and they fall victim to a ransomware attack.
