Ransomware attacks are a serious concern for organizations. In these attacks, cybercriminals typically encrypt a company’s data, making it inaccessi

What is a ransomware attack? (and 11 famous examples)

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2024-10-09 23:30:02

Ransomware attacks are a serious concern for organizations. In these attacks, cybercriminals typically encrypt a company’s data, making it inaccessible until a ransom is paid.

These breaches can do far more than disrupt daily operations. Suffering a ransomware attack both exposes an organization’s security shortcomings and allows sensitive information to fall into the hands of bad actors. It can cause significant financial and reputational damage that can be harder to recover than the data itself — many organizations lose thousands, if not millions, of dollars in the aftermath.

This article will explore what a ransomware attack is, recount some of the most well-known incidents, and outline how you can protect yourself and your organization from an attack by using secure business solutions.

Ransomware is a form of malware that encrypts a victim’s data or locks them out of their files and systems. The attackers behind it usually demand payment from their victims (often in cryptocurrency) to let them regain access and avoid sensitive data leaks.