What is the Purpose of Ransomware?

17 Dec 2020 IT Services

Understanding what ransomware is will help ensure that you put the time and effort into devising a cybersecurity plan for preventing ransomware from infecting your business computers and network. If you are unsure what the purpose of ransomware is and how it can negatively impact your business, the IT experts from Next Hop Solutions can answer any questions you might have. Their team can even help you create and implement the best cybersecurity plan for your unique business needs.

Find out how to protect yourself against ransomware.

What is Ransomware?

Ransomware is a type of malicious software that is specifically designed to hold a computer system hostage in order to extort money from the victim. Once a computer system has been infiltrated, a notification will usually pop up on the screen informing the victim that the data on their network has been encrypted and that a decryption key will only be provided after the ransom has been paid. If the demands are not met, the system could be severely compromised or the data could be rendered inaccessible forever.

Learn all about common ransomware symptoms.

Why do Cybercriminals Use Ransomware?

While the main purpose of ransomware is to extort victims for money, there have been cases in which the victims have been unable to retrieve their data after paying the ransom. Some of the reasons a cybercriminal will choose to deploy ransomware in addition to seeking payment include:

Stealing Data

It is important to keep in mind that, during the attack, the cybercriminal will be able to access your data and information. This means that it is extremely likely that the cybercriminal will retain a copy of your data or will choose to make your vital data public.

Damaging Data

Since ransomware is a type of malware, it can also be used to damage the data that is being held hostage. In some cases, a victim will pay the ransom only to discover that their files have been altered or completely destroyed.

Selling Data

One of the main reasons a cybercriminal will choose to use ransomware is to collect data that they can then sell to the highest bidder, whether you decide to pay the ransom or not.

If you would like to learn more about what the purpose of ransomware is, or if you are interested in their cybersecurity services, please contact Next Hop Solutions at 1-855-482-5141 or by requesting a consultation on their website. Their team would love to help you create and implement a cybersecurity plan for your business.