Malicious software also called ransomware encrypts a victim’s data or system, making it impossible for them to be accessed, and then demands a ransom to be paid to unlock the system.
When a victim of a ransomware assault clicks on a malicious link or opens a malicious attachment in an email, the malware is downloaded and executed on the victim’s computer. The victim’s files or system will get encrypted as soon as the ransomware starts to operate, rendering them unusable without a decryption key. After that, the attackers would ask for a ransom payment, frequently in cryptocurrency, in return for the decryption key.
Ransomware is highly dangerous malware as it results in the loss of critical data, system downtime, and financial losses.
Individuals and companies should put in place a thorough cybersecurity plan that includes frequent data backups, software updating, anti-malware software, and staff training on how to spot phishing and other social engineering scams to defend against ransomware assaults.
