In 2017, the damages caused by global ransomware was expected to exceed $5 billion. That is up from $325 million in 2015. Cybersecurity is critical for every business in the 21st century. Business owners need to understand how to protect themselves from this threat and ways to stay safe from hacks and ransomware.
First, let’s talk about ransomware. Ransomware is any type of malicious software that infects a computer and either prevents it from working as it should or prevents access to certain files until the user pays a ransom.