A ransomware attack occurs when hackers gain access to an organization’s network and then take over all of its data and applications through encryption. They are then able to hold everything “hostage” by denying access until a large monetary ransom is paid.
The most common way for cybercriminals to launch a ransomware attack is through phishing emails that contain attachment files that are corrupt. Emails can also contain links to websites that, when clicked, launch a virus program onto the user’s computer which then spreads to others throughout the organization.
Ransomware attacks are on the rise, with the FBI reporting that in 2021, ransomware attack complaints saw an increase of 62% from the previous year.
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