The FBI’s Cyber Crime division defines ransomware as “an insidious type of malware that encrypts, or locks, valuable digital files and demands a ransom to release them.” These attacks impact individuals, state and local governments, and businesses of all kinds, from small local operations to global multinational corporations with offices on multiple continents. Additionally, companies are finding themselves dealing with bad press, stopped orders, idle employees, and lost customer confidence. The FBI advises those impacted by ransomware to avoid paying the ransom, in part because there is no guarantee that the attackers will provide working keys to decrypt your data. According to the 2021 Cybereason Global Ransomware Study, 80% of companies that pay a ransom will get attacked again.
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