Ransomware has become a pervasive and highly damaging cyber threat that continues to target businesses of all sizes and industries. Understanding what ransomware is and its impact on businesses is crucial for organizations to take proactive measures in mitigating its risks. In this article, we will provide a comprehensive definition of ransomware and explore its significant impact on businesses.

What is Ransomware?

Ransomware is a form of malware designed to encrypt a victim’s files or lock them out of their own systems until a ransom is paid. It infiltrates computer systems and networks through various means, including phishing emails, malicious links, compromised websites, or vulnerabilities in software. Once inside a system, ransomware encrypts the victim’s files using complex encryption algorithms, making them inaccessible until a decryption key is provided.

The Impact of Ransomware on Businesses

Ransomware attacks can have profound and far-reaching consequences for businesses. Here are some of the … Read the rest