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What is Ransomware?

Peerless Tech Solutions
June 5, 2017

Ransomware is one topic that won't be out of the spotlight any time soon.

There has been all this talk about Ransomware but what REALLY is Ransomware?? How dangerous can it be? Peerless is here to help put your worries about Ransomware to rest.

Attacks on various industries are becoming a daily occurrence. Companies are having to pay HUGE sums to retrieve their data from malicious software. Majority of these companies aren’t familiar with ransomware until it is too late to do anything about it. Let us introduce you to ransomware.

Ransomware is the practice of holding a prisoner or item to extort money or property to secure their release, or it may refer to the sum of money involved.

Where do we stand on Ransomware?

There have been more than 700,000 ransomware attempts between 2015-2016! More ransomware attacks are hitting entire networks. The healthcare industry has recently experienced this.

Per CNN, in 2016 more than $200 million has been paid out by victims. That is outrageous! Not only have you lost your data, your business may have to close for a few days, but now you must pay a huge sum of money!

The bottom line is this:

Ransomware is becoming more common, but it is also expensive and can halt an entire system!!! Why let this be a threat to your business??

When it comes to ransomware, it’s not a matter of IF but WHEN. While business continuity can’t prevent ransomware from attacking, BUT it can prevent it from succeeding!

So now that you know what Ransomware is and how serious it can be…what are you going to do to prevent it? Reach out to Peerless today to learn about the benefits of having back-up.

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