The concept of ransomware is simple: Attackers use malicious software to prevent access to specific data or systems until the owner pays to unlock them. However, ransomware tactics have evolved over time and continue to pose a significant threat to both small and large businesses, causing significant financial damage.

According to a Cybereason report:

In recent months, ransomware attacks have dominated the mainstream media. With the number and frequency of ransomware attacks on the rise, as well as the evolution of distribution methods, this should serve as a wake-up call for businesses to beef up their defences.