Ransomware is malicious software (malware) that encrypts a victim's files and demands payment (ransom) to access the encrypted files. The attack typically starts with a phishing email or a malicious website that downloads the ransomware onto the victim's device. Once the malware has infected the system, it will lock the user out of their files, making them inaccessible until the ransom is paid. Ransomware attacks can cause significant financial losses and disrupt essential business operations. Implementing strong cybersecurity measures, such as keeping software and security systems up-to-date, regularly backing up data, and being cautious of suspicious emails and websites, is essential.

ThreatNG provides ransomware susceptibility assessment and monitoring. Assessing an organization's susceptibility to ransomware is crucial for managing its external attack surface, digital risk, and security ratings. Both prior experience with a ransomware event and understanding the nature of the attack can provide valuable insights into the flaws and vulnerabilities that attackers exploit, the potential impact of future assaults, the risks associated with third-party vendors, and how to improve the organization's reputation as a reliable business partner.

This knowledge can also help evaluate the attack's consequences, control third-party risk, and increase security ratings. By adopting a proactive security strategy, organizations can mitigate the risk of ransomware attacks and reduce the potential impact of any attacks that may occur.