Ransomware appears to be one of the most expensive and disruptive internet afflictions. It is a type of malware that encrypts the victim's files and vital information, and hackers demand payoffs to provide the decryption keys. While ransomware is not any new form of attack on cybersecurity, the prevalent scenario is indeed alarming; the following numbers corroborate the same- It seems that individuals and organizations are likely to get affected by ransomware attacks even in 2023 and beyond.
Did you know that your choice of a data protection solution can not only help you recover from cyber-attacks, but can also reduce your vulnerability to those attacks? By storing your primary backups safely off the local network, and choosing a remotely hosted SaaS data protection application, two critical attack vectors will be safely out of the reach of ransomware.
Here are five ways to protect your organization from cybersecurity attacks and vulnerabilities during high-incident seasons. With the busy holiday season over, is it safe to let your guard down concerning cybersecurity? Not exactly. While the holiday season is often seen as prime time for cyberattacks, it’s not the only time of year organizations experience a surge in cyber threats.
As an entrepreneur, you're well aware of how devastating ransomware attacks can be. And as the frequency and magnitude of such attacks are constantly on the rise, devising a formidable plan to protect your startup from a ransomware attack is imperative. According to CrowdStrike 2022 Global Threat Report, there has been an 82% YoY increase in ransomware-related data leaks in 2021. What's more? According to Statista, there were 623.3 million ransomware attacks worldwide in 2021.
According to Veeam’s 2022 Ransomware Trends Report, less than 69% of data stolen during ransomware attacks in 2021 was ever recovered. Ransomware is big business for bad actors. In 2021, the average ransom demand was $247,000, up 45% higher than the previous year. Considering that 76% of the victim organizations surveyed admitted to paying the ransom, it’s likely that the total cost of ransomware to businesses globally was in the billions.
Out of 10 key metrics tracked quarterly to establish the state of ransomware activity, only one metric stayed static from Q1 to Q3 2022. The other nine all worsened. That’s an alarming trend, especially given that many business leaders hoped to see ransomware activity taper off after a historic surge during the peak of the pandemic. Ivanti, together with Cyber Security Works and Cyware, collaborated on the just-released report.
Here in this blog, we will talk about some of the emerging ransomware you should know about and how you can prevent such attacks.