Ransomware. At one point just a buzzword, ransomware is now an all-too-real threat to businesses, governments, and individuals worldwide. The problem with ransomware is twofold.

First, ransomware is designed to completely encrypt a victim’s file system, potentially causing an irreversible loss of data. Second, an increasing number of cyber-criminals are utilizing ransomware to extract money out of victims. Some surveys have shown that businesses are willing to shell out upwards of $50,000 towards ransomware losses just to decrypt their data.

What is Ransomware