Do you know $2.3 Billion lost to CEO Email Scams? 93% of phishing emails are now ransomware? By the end of 2021, there will be a ransomware attack on a business every 11 seconds.
Ransomware is a type of malicious software, or malware, designed to deny access to a computer system or data until a ransom is paid.
Typically, the attacker demands payment in a form of cryptocurrency such as bitcoin. Only then will the attacker send a decryption key to release the victim’s data.
Ransomware is typically distributed through email phishing, malvertising (malicious advertising), and downloading. The ransomware encrypts selected files and notifies the victim of the required payment.