The attackers then demand a hefty cryptocurrency ransom payment in exchange for a decryption key that provides access to it again. The healthcare sector and financial industry are especially vulnerable to ransomware attacks, as they store valuable personally identifiable data (PII) which can be misused to carry out lucrative crimes, like identity theft and fraud.ĭuring a successful ransomware attack, cyber attackers encrypt this sensitive data, preventing organizations from accessing it. Ransomware attacks are dominating news headlines, with ransomware-as-a-service (RaaS) operators actively seeking to exploit network vulnerabilities and infect unsuspecting victims.
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