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What is Ransomware?

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A ransomware threat encodes data, usually encrypting it, until the victim pays a ransom to the attacker. In many situations, the ransom demand comes with an expiration date. If the victim doesn’t pay in time, the data is irretrievable or the ransom is increased, the demand is fulfilled. Ransomware attacks are common these days. Businesses all over North America and Europe are victims of ransomware.

Cybercriminals target consumers and enterprises of all stripes. In addition to the FBI, several government agencies, including the No More Ransom Project, recommend avoiding paying the ransom to avoid encouraging the ransomware cycle. Furthermore, half of those who pay the ransom will likely be targeted again by ransomware, especially if the infection is not removed from the system.




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