Strenghthen your last line of defense against ransomware attacks
Ransomware has become a ‘cyber-pandemic’ that shows no signs of diminishing anytime soon. Your ransomware recovery capabilities must be up to the challenge, as these attacks have gone well beyond just another cybercrime to becoming a threat to our society as well.
Just recently, we have seen some high-profile ransomware attacks lead to serious shortages in oil, gas and meat supplies as well as interruptions to transportation systems and countrywide health systems. And those are only a small part of the ransomware iceberg that is visible as many organizations avoid publicly disclosing that they have been compromised.
From a business perspective, ransomware recovery has never been more important as attacks are increasing exponentially. Multiple research studies found that over 50% of all organizations were hit by ransomware in 2020. According to Gartner1, by 2025, ransomware attacks are expected to increase by 700% and at least 75% of IT organizations will face one or more attacks.
The costs to the infected organizations are increasing as well. A Forrester2 study found that only 25% of organizations were able to recover between 75% and 100% of their data after a ransomware attack. And IBM3 calculated that the average cost of a ransomware attack has now reached $4.4 million (USD) — and that doesn’t include the intangible costs of losing customers and partners’ confidence.