Identity Theft & Scam Guide: What Is Ransomware? - The Credit Pros

Ransomware is a major threat that encrypts files until a ransom is paid. Leakware threatens to expose personal information. Paying ransoms is discouraged as it doesn't guarantee file recovery and fuels criminal activity. Instead, invest in backups, updates, and security practices. If attacked, report to law enforcement, check backups, and seek recovery services without paying the ransom. Prevent ransomware by using antivirus software, avoiding suspicious links, scanning emails, and regularly backing up data.