Ransomware Attacks

Ransomware attacks are a growing threat, costing Australian businesses millions annually. Understanding how these attacks work and implementing robust protection strategies can save your business from financial loss, operational disruption, and reputational damage. What is Ransomware and How Does It Work? Ransomware is a type of malicious software designed to block access to your systems and/or data until a ransom is paid. It typically enters your system via: Phishing emails with malicious attachments. Exploited vulnerabilities in outdated software. Compromised websites delivering drive-by downloads. Once inside, ransomware encrypts critical files, locking you out. Attackers demand payment in cryptocurrency, leaving victims with the difficult choice of paying or losing their data. The Impact on Australian Businesses Ransomware has devastating consequences: Financial Losses: The ACSC (Australian