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Ransomware is a type of malicious software that blocks access to a computer system or files until a sum of money or ransom is paid to the attacker. It typically penetrates systems via phishing emails, malicious attachments, or vulnerabilities in software. Once activated, ransomware encrypts files on the victim's device or network, making them inaccessible. The attacker then demands payment, usually in cryptocurrency, in exchange for providing a decryption key or tool to unlock the files. Ransom demands can range from a few hundred to thousands or even millions of dollars, depending on the victim's perceived value and ability to pay. Some sophisticated ransomware strains also threaten to release sensitive data if the ransom is not paid, adding an additional layer of extortion to the attack. Recovering from a ransomware attack can be complex and costly, requiring either paying the ransom (which is not recommended for ethical, legal and practical reasons) or using backups and cybersecurity experts to restore the affected systems. Ransomware attacks are constantly evolving, with attackers refining their techniques and targeting both individuals and organizations in a variety of sectors around the world.
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