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2021 was the year that ransomware went viral, and not in a good way. Although ransomware is far from a new scourge, it became household news this year as extremely high-profile attacks crippled main street companies, even leading to gas lines at the pumps on the east coast of the United States. This year, talk of “part […]
According to the US Justice Department, more than 4,000 ransomware attacks happen daily, on average, in the US alone. Most of them don't make the news. Many attacks are quietly paid off, and the businesses who fall victim often keep it under wraps. Cyber-criminals are counting on that, as they want victims to pay up […]
Ransomware attacks in 2021 continued to grow in not only frequency, but in cost, according to a new survey.CrowdStrike’s fourth annual Global Security Attitude Survey revealed that 66% of the 2,200 IT and security managers at midsized and large companies said they’d been attacked at least once in the prior 12 months. That number is an […]
There is no doubt about it: ransomware can be devastating. The average recovery cost is reaching nearly $2 million, more than double the amount from just a year ago, according to cybersecurity vendor Sophos’ State of Ransomware 2021 study earlier this year. And that study puts the cost of ransomware at the low end.IBM, in […]
To make a rational risk assessment about any scenario, you need to know what the possible outcomes are, and the consequences of each outcome. The alternative to proactive investment is reactive crisis response, which most frequently manifests in the form of this question when it comes to ransomware: “Do we pay the ransom or not”? […]
Readers of this site (as well as our book, “Ransomware: Understand. Prevent. Recover”) will know that ransomware-as-a-service is becoming a popular way for cybercriminals to make money. Now that service model is being applied to zero-day exploits, leading to the rise of “exploit-as-a-service.”The idea behind exploit-as-a-service (EaaS) is that when criminals discover a zero-day vulnerability—i.e., […]
