What is Ransomware?
Ransomware is a type of malware that encrypts a victim’s data, rendering it inaccessible until a ransom is paid. The attackers typically demand payment in cryptocurrency to maintain anonymity. The primary goal of ransomware is to disrupt access to critical data and systems, forcing victims to pay for decryption keys.
The core mechanism of ransomware is data encryption. Once infected, the victim’s files are locked using strong encryption algorithms. Attackers demand a ransom, often accompanied by a deadline, to provide the decryption key. Payments are usually requested in cryptocurrencies like Bitcoin to ensure the attackers’ anonymity. Ransomware can affect individuals, businesses, and even critical infrastructure, causing significant financial and operational damage.
The Rise of Extortionware
Extortionware, on the other hand, encompasses a broader range of tactics beyond mere encryption. It involves stealing sensitive data and threatening to release it unless a ransom is paid. This category includes ransomware but also extends to other forms of cyber extor
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