Ransomware Can Cause Serious Damage If you have been watching the news lately you might have heard about ransomware. As you may already know ransomware is a type of virus that encrypts your files and asks for a ransom ranging from $380 to $2000 (most common versions) and up to $23,000 in some cases paid in BitCoin (1 BTC > $3300). Some newer versions are designed to be smarter and to encrypt more file types causing more harm to your business.