Let’s start with the basics
Ransomware is a form of extortion software that encrypts its victim’s data or blocks access to entire computer systems. The attackers often threaten victims with data encryption if the ransom is not transferred in time (commonly cryptocurrency).
Today’s advanced ransomware is often designed to spread like a virus throughout a network, targeting database and file servers. If the attack succeeds, it has a serious impact on business processes and can quickly force an entire company to its knees. In many cases, organizations have a hard time dealing with the technical consequences for months, as well as the effects on their businesses for years. Cybercriminals have also honed their ransomware tactics over time, adding a second layer of extortionist behavior, by threatening their victims to make the stolen data public if they refuse to pay.