Businesses of all sectors and sizes use digital technologies to store confidential information, from employees’ personal credentials to customers’ credit card numbers—and that’s just the beginning. Unfortunately, handling sensitive data always poses a security risk, since business owners and their employees are responsible for protecting it from leaks and breaches.
Ransomware attacks continue to grab headlines in Canada and across the globe every week, targeting organizations in education, healthcare, financial services, and everything in between. In its most basic sense, ransomware is a type of malware that encrypts data so it cannot be accessed until a set ransom amount has been paid by the victim, often in the form of a cryptocurrency called Bitcoin.
It seems that every day we see another headline announcing that a prominent company or public organization has been compromised by a cybersecurity breach, losing sensitive data, public trust, and hundreds of thousands (or even millions) of dollars in the process.