The rise of ransomware over the past few years is an ever-growing problem that has quickly become an extremely lucrative criminal enterprise. Targeted organizations often believe that paying the ransom is the most cost-effective way to get their data back — and, unfortunately, this may also be the reality.
The problem is that every single business that pays to recover their files is directly funding the development of the next generation of this cyber threat. As a result, it continues to evolve, with more sophisticated variants and more specific targeted cyber attacks. The costs continue to rise as well.
Recent research from Cybersecurity Ventures predicts that these attacks will cost the global economy 6 trillion annually in 2021! This makes defending your organization’s data more critical than ever.
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