Whether securing your business or yourself, the first step is to understand how cybercriminals work.
- Ransomware is a type of malicious software that encrypts files so they can no longer be accessed.
- Cybercriminals hold the user’s files until the owner pays a ransom for their return.
- Business owners and individuals can take proactive steps to identify cyber risks and employ best practices to protect data.
Ransomware has become one of the top threats to data stored on company networks and personal computers. For those still unfamiliar with ransomware, it is a type of malicious software (also known as malware) that, when downloaded to a computer, encrypts files so they can no longer be accessed— or it locks down the operating system entirely so the user can no longer access anything.
Cybercriminals will hold the user’s files hostage until the owner pays a ransom— usually several hundred dollars— and often in a secure e-currency, such as bitcoin. In short, ransomware is an easy way for cybercriminals to make money by stealing yours.
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