Ransomware – Threat to Business

Ransomware is malware (a virus for a layman) that prevents or limits users from accessing their systems by locking the system's screen or encrypting the user's data and demanding a ransom payment to decrypt them. In a sophisticated ransomware attack, recovering the data without the decryption key is next to impossible. It is difficult to trace transactions paying a ransom, as digital currencies such as Pay Safe Card, Bitcoin, or other cryptocurrencies are used to pay ransoms. Now, this is even available as Ransomware-as-a-Service.

Author :Chetan Sharma