Ransomware has officially made the mainstream. Dramatic headlines announce the latest attacks and news outlets highlight the staggeringly high ransoms businesses pay to retrieve their stolen data. And it’s no wonder why – ransomware attacks are on the rise and the average ransom payment has ballooned to over $200,000.
But the true cost of ransomware can go beyond the headline-grabbing payments. The hit to a business’s reputation can be long lasting, as can the effect of protracted downtime. And over 15% of businesses never retrieve their data. Even more, some companies lose their data even though they pay a ransom.
That’s the bad news. The good news is that were gaining a better understanding of how ransomware attacks happen. Learning how ransomware sneaks into our personal and business lives is the key to protecting ourselves.