If you haven’t already heard of Ransomware, you’re in the minority, particularly considering how much the practise increased during 2016. Briefly, Ransomware is a type of malware virus that locks down your computer files and demands a ransom, usually in the digital currency, Bitcoin, to unlock them.
According to IBM, 46% of executives it surveyed have been affected by Ransomware, with 70% of those paying the ransom to get control of their computer back. And, while Ransomware might be more common among businesses, it occurs on a personal level too.