Ransomware is one of the biggest cyberthreats right now. If you’re a home user or SME employee on the receiving end of an attack, it must feel like a lonely moment when the extortion message appears on the screen of an infected PC demanding a payment of somewhere between $300 and $1,000 in Bitcoin.
The ransomware will have taken control of the computer and encrypted all or most of its files after an employee clicked on an email attachment, usually a PDF or what looks like one.
But it’s not just SMEs that are being affected. The past year has seen ransomware attacks on large, international and government infrastructures, with the attack in Ukraine, shutting down its national bank, state power company and Kiev’s largest airport , just one month after a large number of organizations – including the NHS – fell victim to WannaCry ransomware
Here we explore what ransomware is, why businesses pay and how it can be stopped.
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