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Florida cyber law lawyerRansomware and cryptominers are two of the newest cyber-threats. Ransomware attacks rose significantly in 2016 and 2017, but have declined in 2018, while attacks by cryptomining malware have risen dramatically in 2018.

What Is Ransomware?

Ransomware is a type of malware (malicious software) that can infect a computer when a user clicks on a link received in an email or a link that appears on an otherwise legitimate website. The malware proceeds to encrypt all of the files on that computer and any other computers and networks connected to it. Soon thereafter, the victim receives an email demanding payment (typically in Bitcoin or another e-currency) in exchange for the encryption key necessary to unlock their files.

A ransomware attack can cost a business thousands or even millions of dollars, as their daily operations are disrupted, they have to restore their entire system from backups, and they may even lose some data entirely.

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