![]() However, Ransomware has been around for over three decades. Well, that's because they've only garnered mainstream attention over the past decade. When you hear about ransomware, it's easy to assume that they've only been around for a short period. Once installed, the ransomware will encrypt certain files on the victim's computer and demand a ransom payment to decrypt them. Ransomware can be spread through several methods, including email attachments, infected websites, and Trojan horses. The name comes from the malware asking users to pay a ransom to unlock their files or systems. ![]() Ransomware is a type of malicious software that blocks access to files or systems until a ransom is paid. In this article, you'll find a clear ransomware definition, learn how your business is exposed, and learn what to do to prevent ransomware attacks. As a business leader, protecting your organization from such threats is just as important as offering great products and services. What's more, the average loss per complaint is also rising. This is 62% more than they did during the same period last year. From January to July 2021, the FBI's Internet Crime Complaint Center received 2,084 complaints about ransomware. However, as organizations expand their digital footprint, security and risk executives are under more pressure than ever to keep control of cybersecurity.Īmong the numerous cyber threats, ransomware is increasing in frequency and magnitude. ![]() According to a report by the Digital Marketing Institute, 27% of managers believe that digitization is integral to business survival.
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