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Ransomware attacks involve the malicious encryption of a victim’s data or systems by bad actors who demand payment, usually in cryptocurrency, for the release of the encrypted information. Prevention strategies include regular data backups, security awareness training to mitigate phishing risks, and the use of endpoint protection solutions. Rapid incident response, isolating infected systems, and maintaining up-to-date security software are crucial for minimizing the impact of ransomware attacks and restoring affected systems.