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Ransomware is a form of malware that locks up your computer and encrypts files until you pay the ransom. Typically, it demands payment in a cryptocurrency such as Bitcoin. It’s possible to decrypt files without paying the ransom, but it can be a difficult process.

Cybercriminals rely on the simple ransom model: they attack an organization, encrypt their files, and demand money to decrypt them. The criminals then use the money to fund their other crimes.

The best way to protect yourself from ransomware is to back up your data on a continuous basis. This is important for any type of business, but especially so in the case of organizations that have sensitive or valuable data.

Maintaining backups will help your organization recover from an attack with minimal data loss and no ransom payments. This is especially true in the event of corruption or a hard drive crash.

Security software that is up to date and comprehensive will prevent most types of ransomware from infecting a business’s IT systems. It is also important to be aware of the threat actors behind these attacks, and be vigilant in detecting malspam and suspicious websites.

The most common type of ransomware encrypts files and demands a payment to unlock them. This is usually done through a cryptographic key that the cybercriminals have, and they will then publish information on their public website if the payment is not received within a certain time frame. This is the most dangerous type of ransomware, and the most likely to cause damage or data loss.