To embed, copy and paste the code into your website or blog: Cybersecurity breaches against businesses in the form of ransomware attacks have risen drastically in recent years. These attacks can be particularly difficult on a company’s bottom line especially in conjunction with the Covid-19 pandemic. While most companies now carry insurance covering ransomware attacks; nevertheless, such an attack can leave a company’s data, servers and ability to communicate in the lurch for weeks on time, threatening business continuity. Ransomware is a form of malware designed to encrypt files on a device rendering any files and the systems that rely on them unusable. Ransomware perpetrators then demand ransom in exchange for decryption. Put simply, ransomware attacks function as follows: the attacker gains access to the target entity’s computers, typically through some form of phishing scheme and encrypts files through malware. Once access has been gained, the attacker will “lock out” the target entity, preventing access to its data, servers, email, and the like. The attacker will then demand a certain fee from the company to unlock the encrypted data. If the company does not pay, and elects to attempt to resolve the hack through typical law enforcement channels or reconstruction of the systems and data through back-ups or other means, it could take weeks to months to regain full access. In addition to the cost to replace, this option can costs businesses thousands, hundreds of thousands or even millions of dollars if they are not able to functionally operate quickly.