What is Ransomware and What Should You Know to Protect Yourself?

Despite the fact that there may be more than 1 billion pieces of malware scouring the internet in search of victims, one specific nasty object has been causing monetary losses and security issues for years.Its only objective is to prevent access to computer systems or files until the victim pays a ransom, hence the name “ransomware.” These requests for ransom range greatly, from a few hundred dollars to several hundred thousand. A dangerous piece of software known as ransomware, in its most basic definition, restricts users from using their devices or viewing their private or important files unless a certain amount of money is paid. Usually, cryptocurrency like Monero or Bitcoin is required as payment. The advice given to victims is to buy these digital assets and then transfer them to the attackers.

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