Ransomware. How bad is it?
Ransomware is a technology-driven epidemic that is paralyzing businesses worldwide. It is a computer-based attack that has been near impossible to contain.
In fact, ransomware attacks started showing dramatic increases just a few years ago. They grew from nearly 4 million in 2015 to 638 million attempted attacks last year, responsible for $400 billion in losses.
Ransom is not the biggest cost of an attack. Lost productivity and damage to the brand reputation also account for enormous loss.
Equally alarming, according to research compiled by AVG Business, 1 in 3 small businesses are completely unaware of the crippling effects of ransomware.
What happens during an attack?