What is ransomware?

Ransomware is indeed a type of malware specifically designed to encrypt files on a victim's system, rendering them inaccessible. It demands a ransom payment from the victim in exchange for the decryption key needed to restore access to the files. The coercive aspect of ransomware lies in its ability to hold a user's files hostage, often displaying a message that instructs the victim on how to pay the ransom, typically in cryptocurrency, to facilitate a perceived safe and anonymous transaction.

This method of attack has become increasingly prevalent as cybercriminals look for profitable ways to exploit vulnerabilities in systems. Unlike other types of software that might monitor or enhance computer performance, ransomware has a malicious intent, aimed at extorting money from users by crippling their access to important data. Understanding what ransomware is helps emphasize the importance of maintaining strong security practices, such as regular data backups, to mitigate the risks associated with such attacks.