Definition
Ransomware is malicious software that blocks access to systems or data—often by encryption—and demands payment for restoration or non-disclosure.
Why it matters for business
Malware that encrypts or steals data and demands payment. Security and IT decisions—and cyber insurance questionnaires—often assume leadership understands this term at a practical level.
Example in an SMB context
A growing firm in the CT/NY/NJ market might encounter Ransomware when hardening Microsoft 365, selecting endpoint tools, or preparing an incident response plan.
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