Imagine someone deliberately infecting your computer system with malicious code, stealing your data, disabling your system entirely, and then demanding payment to fix it. That’s how ransomware works.
The FBI estimates that between April 2014 and June 2015, ransomware attacks generated more than $18 million in losses. And the problem is on the rise: losses are projected to increase to more than $1 billion in 2016.
For businesses, the stakes are particularly high. A ransomware attack can cause more than just financial loss—it can also compromise sensitive or proprietary information, disrupt operations, and damage reputations.
Help your customers protect themselves.
One of the ways commercial banks can stand out from the competition is by offering their clients business knowledge that goes above and beyond the usual bank product information. ABA’s new Ransomware infographic can help you help your customers understand the problem, identify red flags, and protect themselves from attack.