What is Ransomware?

Every 14 seconds, a business will be victim to a ransomware attack. On average, companies lose about $133,000 in recovery costs due to ransomware incidents. Thousands of businesses from around the world have had precious data held hostage by malicious hackers, only to be retrieved upon the payment of significant sums of money or bitcoins.

But what is ransomware? Why has it become so common? And most importantly, how can you properly protect your organization and prevent these attacks from succeeding?

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We hope our tips and tricks can help to safeguard your business and prevent future ransomware incidents from occurring.