Ransomware attacks are a type of cybercrime where hackers will use malware to encrypt computer (or network) files, locking users out of the system until a ransom is paid to a cybercriminal. Ransomware attacks have been around since the mid-2000s but they’ve made recent headlines as attacks against Colonial pipeline and the U.S. meat industry have shown that they are more than just a technology challenge, and can also significantly disrupt everyday life. Between ransoms paid and lost productivity, ransomware attacks cost U.S. businesses an estimated $2.3 Billion in 2020 alone. The disruption caused by the COVID-19 pandemic, the popularization… [Continue Reading]
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