2016 has been named the ‘Year of Ransomware’ as we noticed 3,500% increase in attacks in this year. If you are not familiar with Ransomware, you must know it’s a malware that encrypts a file on your computer and demands money for decryption.
The latest research by Technology Services Group (TSG) shows that 41% businesses have been hit by Ransomware this year, which may have cost them over $1 billion. In UK alone, Ransomware accounted for 25% of cyberattacks where 54% businesses got affected and 37% paid the ransom. This is an alarming situation for not only enterprises, but also for individuals.
The most pertinent questions that arise in every mind are how to prevent Ransomware and if you get into this situation, should you pay for it? To find out the answers of these questions and more, check the infographic of Technology Services Group.