What is ransomware, and how it can affect your business?
A ransomware attack is a malware that blocks or hinder users from accessing their website or system and demands a ransom to be paid. The victims of such attacks cannot regain access to their computers until a ransom payment has been made, usually within 24 to 48 hours. Nowadays, most cybercrime victims are asked to pay a ransom using cryptocurrency or credit cards. How it can affect your business Every business can feel the impact of ransomware attacks, but some industries are more vulnerable than others. A cybercriminal determines who to target by looking at the kind of software that a company uses, the amount of value your data, and the impact that a ransomware attack would have on the company. Academic institutions, utility and energy companies, governmental institutions and healthcare facilities are the most commonly targeted organisations for ransomware attacks. Although small businesses may be safe, it would be erroneous to think they are all immune. Ways to