Ransomware is a vicious type of malware that cybercriminals use to block companies and individuals from accessing their business critical files, databases, or entire computer systems, until the victim pays a ransom. It is a form of cyber extortion.

Cybersecurity Ventures predicts that a business will fall victim to a ransomware attack every 11 seconds, and the estimated cost to businesses globally will be around $20 billion by 2021. The direct costs can be attributed to the ransom demands -- if the victim chooses to the pay the ransom -- while the indirect costs are associated with the downtime, data recovery, lost revenue, improvements to cyber defenses, and reputational damage to the company.

This white paper helps you understand the anatomy of ransomware attacks and explores the solutions available in the market today to defend against such attacks.