Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to individuals, corporations, and nation-states is occupying the public consciousness like never before. The eye-popping statistics of annual increases in ransomware activity and dizzying ransom prices validate this growing concern. During October alone, there
The devastating impacts that a ransomware incident can have on a company range from minor inconveniences, such as interruption of services, to the potential inability for a business to financially recover, creating an urgency to mitigate the effect of such a breach. What is ransomware? Ransomware is a type of
According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in 2021 and is projected to exceed USD $265 billion by 2031. On average, the ransom demanded during an attack is roughly $5,600, but what is worse is the downtime after an attack can cost up to
