In a bid to combat the growing problem of ransomware, BlackBerry Ltd. announced in a release on Monday an update to its BlackBerry Workspaces product which will help reduce costly downtime associated with the malicious software. Ransomware, or software which encrypts critical business files and demands payment for them to be unlocked, is an increasing threat, according to BlackBerry. The release cited a study by Verizon Communications Inc. which said that ransomware was the most frequently encountered malware in 2017. "Beyond data loss, opportunity costs, and reputational risks, downtime resulting from ransomware attacks can inflict real harm on customers in any industry, including healthcare or public safety, where the consequences of any delay can be catastrophic," said Billy Ho, the \u00a0executive vice-president of Enterprise Products at BlackBerry in a statement in the release. What sets this software apart, BlackBerry said, is that in the case of being infected by ransomware, it only performs a rollback (or a restoration of a computer system to an pre-infected state) for the individual systems. Other solutions, according to the release, require rollbacks across entire company systems to function. \u201cWith BlackBerry Workspaces, the administrator can check user logs to pinpoint exactly what workspaces, folders and files have been affected, and selectively roll impacted files back to pre-attack versions and without restrictions on how far back it can recover,\u201d the release said. The features will be added to current BlackBerry Workspaces users at no cost, and it will be demoed in London on Sept. 12, and New York on Oct. 4. A BlackBerry spokesperson told The Wire Report in an email that the update will be available globally later this month, including in Canada. Last month, the CRTC fined two companies $250,000 each under Canada\u2019s anti-spam legislation for using malvertising which included ransomware, the first fine of its kind for the regulator.