3). WHAT IS RANSOMWARE & Is Your SME Vulnerable to Ransomware Attacks? – CyberKPI: Ransomware uses encryption to hold a victim’s information at a ransom, rendering it inaccessible until the attacker receives a payment. The malware used by the attackers now employ double-extortion and triple-extortion tactics. For instance, Cybercriminals not only encrypt the victim’s data but also steal it, threatening to leak it if the ransom is not paid. Companies that fail to adequately protect customer data may also face legal consequences, including potential lawsuits. Victims of Ransomware may be required to notify affected individuals if their personal data has been compromised, further complicating the aftermath of an attack …
