Ransomware is increasingly becoming a problem for companies, and the CEO of a leading computer security company says he fears 2017 could see entire companies shut down until they pay up, or risk losing all their data.
Ransomware works by infiltrating a computer with malware and then encrypting all the files on the disk. The user is presented with a limited time offer: Lose all your data or send money with the promise your data will be unlocked. The fee typically varies from a few tens of dollars to hundreds of dollars and often has to be transmitted in Bitcoin.
