Glossary - ChicksX

Ransomware is malicious software that encrypts files, demanding payment for decryption, often in cryptocurrency, threatening data loss.

Ransomware is a type of malicious software designed to block access to a computer system or data until a ransom is paid. It typically encrypts the user's files, rendering them inaccessible. Perpetrators often demand payment in cryptocurrencies, such as Bitcoin, due to their pseudonymous nature. Ransomware attacks can target individuals, businesses, and even governmental institutions. Victims face the dilemma of losing data or paying the ransom, which doesn't guarantee file recovery. Preventative measures include regular data backups, maintaining updated security software, and employing strong cybersecurity practices. Awareness and education are key to minimizing ransomware risks.