Wednesday, December 30, 2020

2021 Trend Watch: Ransomware Never Goes Out of Style

Ransomware is the monster under the bed that every company should be worried about these days. From stealing data to disrupting operations and even nation-state hacking, ransomware was a favored tool of cybercriminals worldwide in 2020 – and that looks set to continue in 2021.

Ransomware surged at the start of the pandemic, with an incredible 148% increase in attacks in March 2020alone. In Q3 2020, researchers estimate that cybercriminals successfully completed at least 1 new ransomware attack every day. That’s not a trend that your business wants to get in on.

Protecting your business from cybercrime like ransomware starts with building a strong cybersecurity culture. It’s important to make sure that every one of your staffers is up to date on the latest threats and following cybersecurity best practices – after all, they’re part of your security team too.

Using a solution like BullPhish ID to help employees learn to spot and stop phishing attempts is essential these days- phishing messages are the number one delivery system for ransomware. Plus, adding a secure identity and access management solution like Passly adds powerful protection against cyberattacks including ransomware by adding multifactor authentication, a recommended risk mitigation by CISA and other experts. 

Take smart precautions now to ensure that your business isn’t a trendsetter because no company can afford to be a part of the expected wave of continued growth in ransomware attacks in 2021.

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