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According to Sopho's 2021 Ransomware report, 42% of the firms surveyed in the Philippines reported that they were hit by ransomware in 2020, which is an increase from 30% in 2019. Attacks have become increasingly diversified and sophisticated, targeting organizations and businesses of all sizes. Ransomware is a type of malicious software that compromises a user's device, encrypts and blocks the user from accessing their files and then demands a ransom in exchange for restoring the files. Traditional forms of ransomware simply encrypt files, while more modern variants go one step further by also transferring potentially sensitive data to the attackers, who then threatens to release the...

Keep on reading: Keep ransomware at bay with these security and backup strategies
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