What is a ransomware attack?

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What is a ransomware attack?

A ransomware attack is a type of cyber attack where malicious software is used to encrypt a victim's files or lock their computer system, rendering it inaccessible. The attacker then demands a ransom payment, usually in cryptocurrency, in exchange for providing the decryption key or unlocking the system. Ransomware attacks aim to extort money from individuals, organizations, or businesses by exploiting vulnerabilities in their computer systems or through social engineering techniques.