By Bharath Vasudevan, Director of Product Management, Hewlett Packard Enterprise Software-defined and Cloud GroupRansomware is a malicious software virus that locks files or computer systems until a sum of money (usually in Bitcoin) is paid to the cyber criminals. With ransomware attacks increasing in quantity and ferocity seemingly by the day, it is no longer a matter of if an organization will be attacked by ransomware, but when.

According to the Ponemon Institute’s January 2016 report, Cost of Data Center Outages, 22% of unplanned IT outages are due to cyberattacks.

This represents a 167% increase since the initial 2010 report.
Stronger security and improved data protection and disaster recovery plans may be businesses’ only hopes to minimize the damage done by ransomware.To read this article in full or to leave a comment, please click here

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