Ransomware is a type of malware used by criminal organizations to gain unlawful access to computer networks and encrypt the data stored on those networks and render it unusable. The criminal organization then holds the data hostage until a ransom payment is made. If the ransom is not paid, the victim organization’s data will either remain encrypted and unusable or it could be released to the public.
Carlton Fields Shareholder Jack Clabby joins Scott Moritz and Ron Yearwood, Senior Managing Directors at FTI Consulting, to discuss best practices for preventing and mitigating ransomware. This is the first of a two-part series on FTI’s Fraud Eats Strategy podcast.