Holding data ransom w/ Prof. Praneet Tiwari | Technology | insightonbusiness.com

JBS USA Holdings, Inc., the nation’s largest producer of meat products with a location in Green Bay, ground to a halt in early June when a ransomware attack hit the company.During a ransomware attack, cybercriminals encrypt the company’s data and systems, making it nearly impossible to operate. Most companies need to pay a ransom — JBS paid $11 million — to have their systems unlocked.While on the rise, ransomware is just one type of cyberattack. Businesses large and small are hit by attacks every day, whether it’s a criminal pretending to be a customer with an unpaid bill to get some cash or impersonating someone within the business to get funds moved to another bank account. See lecturer Praneet Tiwari’s comments:

Source: Holding data ransom | Technology | insightonbusiness.com

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