Over the past year, you may have seen the term ransomware popping up frequently. For enterprising hackers, this once uncommon tactic has become standard operating procedure, and with good reason – it pays. Ransomware is malware that employs encryption to hold a victim’s information at ransom. The hacker uses it to encrypt a user or organization’s critical data so that they cannot access files, databases, or applications. A ransom is then demanded to provide access. It is a growing threat, generating billions of dollars in payments to cybercriminals and inflicting significant damage and expenses for businesses and governmental organizations. |