Ransomware attacks are on the rise and becoming more complex, causing significant damage to organizations in terms of budget, cycles, and brand reputation. These attacks involve malware locking users out of their files and demanding payment for access. The most prevalent types of ransomware include encryptors, screen lockers, and scareware. Ransomware-as-a-Service (RaaS) campaigns make it easy for cybercriminals to launch attacks without specialized expertise. To prevent ransomware attacks, organizations should focus on education, data backups, maintaining strong cybersecurity posture, vulnerability management, and implementing least privilege access.