Terry Cutler – The Ethical Hacker
Home » Are you prepared to defend yourself against cyber attacks?
Articles Blog Business Content Media

Are you prepared to defend yourself against cyber attacks?

Hackers use malware to attack individuals' devices and encrypt them against their will. Then they demand a ransom usually in cryptocurrency.

Canadian victims have recorded 235 known ransomware attacks in 2021. According to a Canada digital cybersecurity agency report, more than half hit electrical grids, oil and gas systems.

Most ransomware attacks go unreported, warns the Communication Security Establishment’s (CSE) Canadian Centre for Cyber Security published in December 2021. 

Hackers use malware to infect individuals or organizations’ devices and encrypt them against their will. They then demand a ransom—ransomware—usually in cryptocurrency such as bitcoins. It is very less likely for the company to recover the data without making the payment to the hacker. Even after making the payment, there is very little probability to get the data back.

Ransomware on the rise leading to cyber attacks

Indeed, ransomware is on the rise. In a December 6, 2021 news release, the Government of Canada noted that,

  • Ransomware has affected a lot of countiries, Canada is amongst the top.
  • The number of reported ransomware attacks worldwide increased 151% from 2020 to 2021.
  • The average ransom payment worldwide is around CAD 200,000.
  • The average recovery cost worldwide has doubled, from CAD 970,722 in 2020 to CAD 2.3M in 2021.
  • More than half of Canadian victims of ransomware were critical infrastructure providers, including the energy, health, and manufacturing sectors.
  • Since March 2020, nearly a quarter of Canadian small businesses have experienced some kind of cyber incident.

Meanwhile, 2022 will see a continuation of double-extortion ransomware attacks, where your data is encrypted. The hacker simultaneously threatens to release the data.

If you want to secure yourself to your company then do book a meeting via – https://www.cyologylabs.com/reportcard

Subscribe to our mailing list

* indicates required

Related posts

Terry Cutler shares 3 tips to keep safe online with CJAD radio listeners

Terry Cutler

Terry Cutler launches “Insider secrets from an Ethical Hacker on Internet Safety” on Udemy.com

Terry Cutler

How easy it is to get hacked

Terry Cutler

One in every 99 emails is a phishing attack

Terry Cutler

How Facebook can be damaging to your Career Radio interview with 940 AM

Terry Cutler

Terry Cutler Wins Prestigious Cybersecurity Educator of the Year Award

Terry Cutler

LEARN THE SECRETS OF THE WORLD’S MOST SUCCESSFUL CYBER SECURITY EXPERTS. Close I'm Interested

Privacy & Cookies Policy