It tricks you into installing software that allows scammers to access your files and track what you are doing.
Ransomware demands payment to “unlock” your computer or files.
Malware must be downloaded.
Scammers try to disguise the software as something different. They use multiple tactics to get people to download it.
If you download the software it will allow the scammers to access your data and document what you are doing. That includes you typing your passwords.
Having malware on your personal device could result in an absolute worst case.
Scammers use your information to steal personal details and commit fraudulent activities. They might take out loans or carry out other illegal business under your name, or even sell your information to other scammers for further illegal use.
Ransomware blocks or limits access to your computer or files, and demands a ransom be paid to the scammer for them to be unlocked.
Infected computers often display messages to convince you into paying the ransom.
Scammers may pretend to be from the police and claim you have committed an illegal activity and must pay a fine, or they may simply demand payment for a ‘key’ to unlock your computer.
If you pay the ransom, there is no guarantee your computer will be unlocked.