A few days ago I was speaking with a friend of mine who operates a Managed Service Provider (MSP). He shared with me a story about a client of his who was recently hit with ransomware. In this conversation he told me about the cost of the event (it was heavy) and amount of downtime his client experienced (it was multiple days). Later I will share one other startling fact.
So, what is Ransomware?
Similar to malware or a virus, ransomware is a malicious software created by blackhat hackers. Unlike, a viruses and malware that can impact network traffic, install key loggers or Trojans, or potentially delete data ransomware locks out an individual or company from accessing data. Those users are greeted by a message demanding payment for a release of the restriction.