Ransomware is perhaps the biggest cybersecurity scourge of 2016, becoming increasingly problematic both for individuals and businesses of all sizes.
The concept is simple: the cybercriminal will trick a victim into opening a malicious file or a clicking on a link which causes their computer, tablet, or smartphone to be infected with malware that encrypts the data stored on the device. The cybercriminal then demands the victim pay a ransom -- often in Bitcoin -- in order to get their systems unlocked.
While the ransomware installs data-stealing malware on your system, getting infected with ransomware is more an annoyance more than anything. Yes, a business will lose money while its networks are locked down, but most cases it doesn't have any further 'real world' consequences, as the theft of personal data or banking information might.