Ransomware attacks are now incredibly sophisticated and occurring with increasing frequency.  In fact, many called 2016 “the year of ransomware,” and for good reason: Trend Micro found there were 752 percent more new ransomware families discovered compared to 2015.

With the rise of ransomware, it’s very likely that your business will be affected by one of these attacks in the near future. When this happens, how would you respond? Would you pay the hacker or seek an alternative? You might want to reconsider the former because paying for ransomware could end up costing you more than you anticipated, leaving you to handle the fallout.