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Why you need a cybersecurity strategy against ransomware?

Why you need a cybersecurity strategy against ransomware?

Don’t wait until it’s too late

Ransomware attacks on small to large businesses, threatens the integrity of their networks, the privacy of workers’ personal information, and protecting customer data, such as credit card, banking, and personal information. 

The general definition of ransomware is malware that employs encryption to hold a victim’s information at ransom. A user’s or organization’s sensitive data is encrypted so organizations cannot access files, databases, or applications. Imagine knowing you have no control of your sensitive data.

Once your data is under the control of cybercriminals, they are in control and will hold your data hostage, threatening to sell it on the dark web unless you pay a ransom. 

Chances are, you won’t get your data back. 

Every company needs a solid cybersecurity defence strategy to defeat Ransomware attack

That is why every company needs a solid cybersecurity defence strategy. Look at the data in the first half of 2021.

The number of ransomware attacks doubled in the first half of 2021—ransomware attacks devastated 1,097 organizations in the first half of 2021, compared to 556 ransomware attacks this time last year, according to a 2021 Blackfog report .

Ransomware attacks are so common that it’s no longer a matter of how many cyberattacks happen per day; it’s happening per hour, per minute, per second. Ransomware affected businesses, small and large every 14 seconds in 2019. By the end of 2021, predictions show ransomware will hit a company every 11 seconds.

In 2021, ransomware hit 37 percent of all businesses and organizations, with a recovery cost of $1.85 million. Sadly, 32 percent of victims pay the ransom, but they only get 65 percent of their data back.

One ransomware defence strategy is having a reliable online across different devices and on the cloud. You can simply restore your system to its previous state. This may not be enough. 

Ransomware will cost the world $20 billion in 2021. That number will climb to $265 billion by 2031. 

For a comprehensive audit of your network, and the next steps in zero-tolerance protection, call us. Let’s do this together.

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