Ransomware is malware that is specifically designed to hijack a computer system or data store and hold it hostage (inaccessible and un-retrievable to the users) until they pay a ransom. The ransom demanded can soar upwards of tens of thousands of dollars, though for smaller businesses it is often only a few hundred or thousand dollars. The ransom is usually demanded to be paid in bitcoins, a popular cryptocurrency. If the ransom isn’t paid, the hacker might release sensitive data about your organization on the Internet, corrupt your databases so the data is useless, or make off with your customer information (which customers aren’t usually thrilled about). Ransomware not only damages the company monetarily through loss of revenue during the attack and the cost of the ransom, it also damages their corporate reputation, runs up extraordinary legal bills, and is a PR nightmare of the highest magnitude.
The malware behind ransomware encrypts the data, so that it is inaccessible to the user. Unless they pay up, the data is released publicly, deleted, or corrupted so that it is unusable.
Here’s your plan for keeping Ransom32 and other nefarious code out of your systems and network:
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