This study examined the recent techniques cyber criminals use to carry out ransomware attacks despite efforts by companies to guide against such attacks. Ransomware is a type of malicious software that prevents computer users from accessing computer files, system or network, and demands a ransom payment from the victim before the affected systems can be restored back to operation. The study adopted Qualitative Content Analysis Methodology. It utilized secondary data collection that were obtained from reports of ransomware attacks from well known cyber security companies that include Sopohos, Chainalysis, Cyberint, and Statista. Sophos Ltd. Company is a UK based company, Chainalysis is an American blockchain analysis that uses software to analyze the blockchain public ledger used to track virtual currencies, Cyberint is a cyber security company that is based in UK, and Statista is a German online platform that specializes in data gathering through team survey, analysis and visualization