Ransomware Attacks Are Not Slowing Down

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Annual ransomware-induced costs are projected to exceed $11.5 billion by 2019, according to Veeam. Defined by the Department of Justice as “a new model of cybercrime with a potential to cause impacts on a global scale,” ransomware is a digital form of extortion that executes a one-way encryption operation on a computer that can only be reversed by the attacker.

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