In the new world of business, with the workforce increasingly widely dispersed, and cybercriminals running rampant, ready to walk roughshod over any company they can, are you concerned about the rise in ransomware attacks? No? Well, perhaps you should be. Unless you take strong precautions, your business could be wrecked. So, here we look at some savvy ways to stop your organisation from being held hostage by this growing cyber threat.
Although there are stacks of cyber nasties out there, just waiting to wreak havoc on unsuspecting organisations, perhaps one of the most worrying is ransomware – a type of malware that blocks access to the victim’s data, or threatens to publish it, unless a fee is paid. Recent news suggests that the number of such malevolent attacks is skyrocketing, causing great distress to businesses and lives alike.
Alarmingly, there were reportedly as many as 304 million ransomware attacks worldwide in 2020, which was an increase of 62% from a year before. In fact, not only does it seem that these attacks are becoming more frequent, but it appears that cybercriminals are getting increasingly greedy as well. Indeed, a 2021 report by Palo Alto Networks found that the average ransom paid by those on the receiving end of such extortion, in Europe, the US and Canada, nearly trebled from $115,123 in 2019 to $312,493 in 2020, and last year the highest ransomware demand was as much as $30 million!
So, rather than having sleepless nights, what can you do to fight back and protect your business? Well, the answer is plenty, but with these attacks stepping up a notch, you really do need to raise your game, so here are some top tips to help you stay ahead of the hackers and keep your company safe.