Your Money or Your (Business) Life: ‘Ransomware’ Raises the Stakes

New developments in cyberattacks could make organizations long for the good old days when all they had to deal with were network breaches. More recently, however, cyberattackers are taking their activities to whole new level by extorting money directly from targeted organizations through ransomware attacks, according to a new guide published by the National Institute of Standards and Technology, part of the U.S. Commerce Department.

This article addresses the growing trend of ransomware attacks and the steps laid out by the institute guide to prepare for and recover from a cyberattack.