RANSOMWARE – DEFINITION
Ransomware is any software that maliciously infects computers, destroying or encrypting files.
Ransomware is often used by hackers to blackmail the owner of the information that has been kidnapped. If they pay, they get instructions on how to restore their files. If they do not pay, the files are destroyed.
Ransomware – a growing threat
Ransomware has become a bigger and bigger threat to businesses and organisations. The costs of dealing with the consequences of a ransomware attack can be very high. It can cause long-term disruptions or halts in production as work is done to remove the malicious software, find out which files have been affected and then trying to restore them. The risk that not all data damaged in an attack can be recovered is substantial.
Ransomware has a high risk of spreading
Another threat is the risk further infections. A majority of those working with computers do so in an organisation where data is stored on a server, and is shared among many users. If one file becomes infected, it can quickly spread to other files as soon as it has gotten into the server. It may be enough for only one computer in an organisation to become infected for the consequences to quickly affect the whole organisation.