How are businesses preparing for ransomware attacks?
Ransomware attacks are on the rise, and businesses are preparing for them by taking steps to protect their data. One of the most important steps is backing up data regularly. This ensures that if an attacker encrypts data on a company’s network, the company will still have access to the data through its backups.
Many businesses are also investing in security software that can detect and block ransomware. This software uses advanced algorithms to identify suspicious activity and block it before it can encrypt data. Some security vendors offer tools specifically designed to protect against ransomware.
In addition to protecting data, businesses are also taking steps to educate employees about ransomware. Employees are often the weakest link in the security chain, and they may inadvertently click on a phishing email that contains ransomware. By educating employees about the threat of ransomware and how to spot suspicious emails, businesses can reduce the risk of an attack.
Ultimately, the best defense against ransomware is a multi-layered approach that includes data backup, security software, and employee education. By taking these steps, businesses can protect themselves from the growing threat of ransomware.
How common is ransomware?
According to a 2019 report from Cybersecurity Ventures, ransomware is the fastest growing type of malware, and they estimate that a business falls victim to a ransomware attack every 14 seconds. The same report estimates that ransomware will cost businesses $20 billion in 2019. A 2017 study from IBM found that 60% of organizations that fell victim to ransomware had to cease operations immediately.
In terms of specific numbers, a 2016 report from Kaspersky found that 1 in 5 companies worldwide had been hit with ransomware in the previous 12 months. A 2017 study from Bitdefender found that ransomware attacks had increased by 300% in the previous year. A 2018 report from Cybersecurity Insights found that 9 out of 10 enterprises had been hit by ransomware, and that number is only expected to rise.
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