Ransomware is one of the most dangerous threats to businesses today. In fact, according to Cybersecurity Ventures, global ransomware damage costs are predicted to exceed $265 billion by 2031, as ransomware perpetrators progressively refine their malware payloads and related extortion activities
Ransomware is primarily known to work by encrypting a computer’s local file system, preventing a user from accessing their data until a ransom is paid.