What is Ransomware?

#ransomware
What is Ransomware?

Ransomware is so lucrative for the gangs involved that other parts of the cybercrime ecosystem are being repurposed into a system for delivering potential victims.

A ransomware attack can be defined as malicious software designed to block access to a computer system until a certain sum of money is paid. It is thus a malware that includes encryption, which, when passed to the victim company's system, holds the host's information at ransom resulting in both business interruptions and loss of income. An additional aspect that makes such attacks even more deadly is the fact that ransomware is often designed in a specific way in order to spread across a network and quickly paralyze an entire organization by targeting its database and file servers. Critical data is then encrypted and thereby becomes non -accessible to the said organization until released by the attacker, which happens on making the ransom payment and hence the name "ransomware".

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