A ransomware attack is one of the effective strategies cybercriminals use to encrypt users’ data and prevent them from accessing it until a ransom amount is paid. While the rate of ransomware attacks is less than other malware types, including viruses and trojans, it can have severe consequences on businesses and individuals alike. Ransomware attacks have been on the rise since 2018, reaching their highest at 68.5% in 2021.
Hands up if you have dealt with an issue like the following. It seems to be an ordinary day, and applications and networks are running normally. During the morning, reports start to come in from users saying that applications have longer than usual response times. Oh no! It's the start of a dreaded "it's running slowly!" problem that lives in the nightmares of system admins everywhere.
Ransomware is the gift that keeps on giving. Old as it is (33 years) ransomware is constantly morphing into new exploits. The reason is simple. Ransomware works and too often cybercriminals walk away with bags of money (or piles of Bitcoin, anyway).