A ransomware attack is a type of malware attack. Ransomware is malicious software that encrypts sensitive information and prevents users from accessing computer systems. Hackers use ransomware to blackmail victims into paying a certain amount of money for a decryption code. As a rule, criminals demand a ransom in cryptocurrencies.
If the victim delays or fails to pay, their sensitive information will be deleted or sold on dark web forums. Ransomware attacks result in serious consequences for affected victims, such as lost business opportunities, network and system downtime, loss of critical information, and damaged reputations. Ransomware attacks are one of the most common types of malware attacks.