The attacker then demands payment in exchange for decrypting the encrypted files. If you dont pay up, the attacker will permanently delete your files.
Ransomware attacks are becoming increasingly common, often targeting businesses rather than individuals.
Many organizations have had to pay ransom to recover from ransomware infections. These attacks can be very costly, not only because of the money that has been paid out but also because downtime costs money.
The attacker keeps track of which users have paid the ransom and which havent. As time goes on, the attacker becomes more aggressive with these threats. They may start deleting some encrypted files if they arent paid quickly enough.
More info: improve business communication skills