Ransomware Stats

Ransomware stats and facts

Michael Anderson IT Best Practices, IT Managed Services, IT Security, Ransomware

When ransomware attacks, it can be costly in many ways. To understand the real impact of ransomware, we’ve summarized Comparitch’s article, “2017-2019 Ransomware statistics and facts.” When ransomware encrypts a computer file system it can cause irreversible data loss. Even more alarming, cybercriminals are increasingly using ransomware to freeze systems and extract money from their victims. Ransomware losses for businesses …

Ransomware: The first step is to understand it

Michael Anderson Ransomware

What is ransomware? Ransomware is, in the simplest terms, a piece of malicious software designed to extort a ransom from the people whose computers it infects. Typically, this is done by encrypting files on a computer and demanding a ransom be paid to unlock them. Once the victim makes payment to the criminals, the data that they encrypted is again …