Author/Source: Fortra See the full link here
Takeaway
This article explains that ransomware attacks have illegally taken over $2.1 billion from organizations between 2022 and 2024. It also shares hopeful news, suggesting that law enforcement is getting better at catching the criminals behind these attacks.
Technical Subject Understandability
Intermediate
Analogy/Comparison
Dealing with ransomware is like a thief locking your house and demanding money to give you the key back.
Why It Matters
Ransomware attacks can cost businesses huge amounts of money and stop them from working, which can affect many people. For example, these attacks can force organizations to pay large sums of money, like the $2.1 billion mentioned, to get their computer systems back, disrupting services.
Related Terms
Ransomware, Extortion, Cryptocurrency, Cybersecurity. Jargon Conversion: Ransomware is a harmful computer program that locks up your files or computer and demands money to unlock them. Extortion is when someone illegally demands money or something valuable by using threats. Cryptocurrency is a type of digital money, like Bitcoin, that is often used for these illegal payments because it is harder to trace. Cybersecurity refers to the protective steps and technologies organizations use to keep their computer systems and data safe from attacks.
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