In 2021, following a cyberattack that crippled fuel supplies along the US East Coast, then President Joe Biden vowed to make ransomware a national security priority. Executive orders were passed, summits were convened and indictments and sanctions were issued to try to curb the crimes. Four years later, ransomware remains a persistent thorn for businesses and organizations across the world. Retailers, manufacturers, hospitals and schools are among those impacted so far in 2025. The ransomware scourge is fueled by a toxic reality: it continues to offer hackers easy profits and relatively low risks.
Ransomware refers to a type of malicious software code that hackers use to encrypt victims’ computer files.
