Everyone today needs to understand the evolving risks associated with our modern technology, the chances are that sooner or later you will be targeted by something that is growing dramatically, it is commonly called ransomwear, basically it is a piece of malicious software that encrypts all of the data on your computer or smartphone and the people who put it there then demand a ransom to return access to your device.
The practice of using ransomwear is growing mostly because the software is easy to obtain online and is also relatively cheap, on top of that the advent of systems like bitcoin, which enables the criminals to be paid but remain untraceable has aided not just ransom ware peddlers but other forms of cyber crime. Nearly all these type of attacks are directed at what are commonly called “soft targets”, these are individual computers or a small network of computers that have relatively low level protection, most of them usually don't even have a firewall.
If you are a business it is recommended that you purchase cyber insurance to protect yourself against this type and other types of cyber crime. You'll need to enlist an insurance expert to make sure you are not only covered for currently known cyber crimes but also for evolving cyber crimes. Like the rest of the community the world of crime is changing and technology is speeding up the pace of that change, educate yourself to understand the evolving risks most of which are easy and not expensive to defeat, all it takes is a little forethought and effort in the criminals will go and look for softer marks-(Desk)