The ransomware problem is growing exponentially. Ransomware cyberattacks are a big business, so big in fact, that research anticipates a business is attacked by a cybercriminal every 11 seconds and damage costs from these attacks will hit around $20 billion by 2021. BlackFog produces a monthly report on the global state of ransomware for additional details on the size of the problem.
By holding your device and more importantly your data to ransom you have little choice but to pay the cyber criminals to get it back. Let’s face it, no one wants to lose all their photos, music or customer records (along with massive fines). Even if you have diligently backed up, what is to stop them coming back again. Not to mention all the time it is going to take you to recover your files.
The only way to prevent Ransomware is to ensure you are protected with a product like BlackFog which stops the activation and installation in the first place.