Ransomware is the most common and deadly cyber threat, and it infects the victim's computer by encrypting files or locking the entire system until a ransom is paid or given.The increase in the volume of phishing attacks and targeted security breaches are projected to drive the growth of the ransom ware prevention market in the foreseeable future. Furthermore, the introduction of the ransomware-as-a-service model is expected to boost the market for ransomware prevention. In addition, the use of crypto-currencies for ransom payments is expected to slow the growth of the ransom ware defence business.
Because of the rising demand for Ransomware Protection Market as a service in recent years, the worldwide ransomware protection market is expected to rise at a rapid pace in the near future. The introduction of crypto currencies such as Bitcoin has boosted demand for ransomware protection solutions, as the majority of ransoms are paid in crypto currencies due to their untraceable nature. Furthermore, technical advancements have influenced the market, which has seen the introduction of ransomware security solutions for mobile devices in addition to Pcs.
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