Ransomware is a type of malicious software designed to block access to a computer system, and more importantly the critical data it contains, until a sum of money or ransom is paid. Attackers ask for payment in bitcoin, which makes the payments largely untraceable by investigators.  Bitcoin plays an important role in the growth of ransomware attacks because it shields hackers from being caught through the electronic payments they receive.

Further ReadingIs Ransomware driving up the price of Bitcoin?

How does this affect my SMB?

According to Datto, 1 in 5 SMBs have fallen victim to ransomware attacks in 2019. To prevent these ransomware attacks, do these things to protect your business and reduce the chances of falling victim to this all-too-common attack vector:

Are you doing enough to protect your business?

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