Author/Source: Fortra Content Team See the full link here
Takeaway
This article talks about a report showing how much money has been stolen by ransomware attacks from 2022 to 2024. It explains that while the total amount is high, there are also some hopeful signs, like fewer groups launching these attacks and smaller average payments.
Technical Subject Understandability
Intermediate
Analogy/Comparison
Dealing with ransomware is like someone breaking into your house, locking all your belongings in a safe, and then demanding money to give you the key.
Why It Matters
Ransomware attacks cost businesses and individuals billions of dollars, disrupting services and causing major financial problems. For example, the article states that over $2.1 billion was extorted between 2022 and 2024, showing the massive impact these cybercrimes have on the economy and people’s lives.
Related Terms
Ransomware, Extortion. Jargon Conversion: Ransomware is a type of harmful computer program that locks up your files and demands money to unlock them. Extortion is when someone threatens to harm you or your property if you do not give them money.
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