Ransomware is no joke. Cybercriminals extort millions of dollars from companies worldwide, and it has become the most prominent form of online cyberattack. And it's only becoming worse, particularly in the past few years. Since 2016, US organizations are experiencing around 4,000 daily ransomware attacks.
Throughout the coronavirus pandemic, ransomware attacks have begun to increasingly target core industrial sectors – and they are devastating businesses like never before. They damage crucial data, by scanning essential files and encrypting them with resilient encryption, leaving no chance for the data to be recovered. This is how you can cripple an organization incredibly fast - faster than any other malicious threats can.
Cybercriminals are focused on finishing the job they set out to do, and nothing can stop them in their mission. In some instances, hackers demand a tremendous amount of money or assets to restore the affected businesses’ data. And what’s the guarantee that these cybercriminals will restore the critical data, right after they receive the money?