No matter what the size of your organization, cybersecurity is a clear and present danger. And the threats have ratcheted up this year in tandem with the Russian invasion of Ukraine.
In recent years, ransomware has emerged as the most rapidly escalating cybersecurity threat to organizations around the globe.
Ransomware—malware that infects, locks or seizes control of business systems until ransom is paid—is a cybercrime that can be perpetrated against any type of organization in any industry.
While headlines in recent years may give the impression that ransomware is primarily a plague on certain sectors—such as healthcare, utilities and various levels of government—the fact is this infiltration technique can target any employee at any level of any kind of operation.
Cybercrime experts estimate that multiple variations of ransomware attacks occur as often as every 10 seconds, and this rate of incidence continues to rise. But the most pressing matter for businesses isn’t so much the operational burden of detecting and deflecting ransomware as the costs of recovering from it.
According to the “State of Cybersecurity” research report from global tech trade association CompTIA, the average cost of remediating a ransomware attack has reached $1.85 million, a potentially crippling or even lethal expense for many companies.
It’s inevitable that ransomware attacks will continue to evolve and unfold in new ways. There’s no better time than now to evaluate your company’s vulnerability to the unrelenting threat posed by ransomware. Call us if you’d like us to assess the state of your cybersecurity.