Ransomware Risk is a Rising Tide That Can Swamp Your Business
Cybercriminals are refining their approach to ransomware, and risk has risen worldwide. Targeted ransomware is today’s rising trend. Researchers determined that targeted ransomware has grown by an eye-popping 767%, easily dwarfing all other types. Recent numbers logged by UK researchers show a record-breaking 11% year-on-year increase in attacks against UK targets in Q1 2021.
Every business is at risk of falling victim to ransomware – after all, more than 60% of organizations worldwide experienced a damaging ransomware incident in 2020. Ransomware has especially battered healthcare targets, but that’s not the only industry that’s experiencing increased risk. No matter the size, your business is at an increased risk of experiencing a ransomware incident in today’s volatile threat landscape, and that danger is growing.
How can you guard against becoming a victim of targeted ransomware? By taking sensible precautions that keep your systems and data safe, like phishing resistance training using BullPhish ID. Your employees can learn to spot and stop real risks that are prevalent in your industry in customized phishing simulations. If you’re not already using multifactor authentication with Passly, this is a great time to add it. It stops 99% of password-based cybercrime, including cybercriminals with a password that they just phished off an unwary employee.
In a 2021 survey, 70% of survey respondents said that they believe that their business will be harmed by email-based attacks like targeted ransomware attacks in the next year, up from 59% in 2020. But you don’t have to join that number- put strong protections in place now and you can have peace of mind that you’ve chosen a powerful defense for your essential systems and data.