Ransomware attacks are on the rise, and your business could be next.
Ransomware is a type of malicious software that blocks access to a computer system until a ransom is paid. The number of data breaches caused by ransomware doubled in the last two years and is expected to pass phishing as the top cause for data compromise this year.
As instances increase, so do the demands. In the first half of 2021, the average ransom demand was $5.3 million which is a 518% increase from the 2020 average of $847,000.2 Companies are facing a “pay-or-else” situation that can destroy their entire business.
Ransomware events, in our experience with clients, take, on average, over 20% more time to begin than other attacks leading to more lost time and money. With ransomware on the rise, it is time for all organizations, big or small, to take precautions against these cyberattacks. Don’t panic, there are simple steps you can take right now to mitigate these threats.
Source: Experian – To Download the Paper click here
