Monday, April 5, 2021

One Ransomware Attack Can Cost You Twice as Much as Before

One Ransomware Attack Can Cost You Twice as Much as Before  

A tight global economy has everyone looking for new revenue streams – including cybercriminals who are doubling down on ransomware threats by doubling the price tag to get your data and systems back. 

In a double extortion ransomware attack, cybercriminals make money two ways by asking victims to pay twice: once for a decryption code to unlock their impacted systems or data, and a separate fee to not have the encrypted data copied by the gang Practitioners of this tactic were responsible for more than 50% of all ransomware attacks in 2020.

This week’s record-setting ransomware incident at Acer proves that the cost of a ransomware incident is only going up – cybercriminals presented Acer with a $50,000,00 ransom demand to hand over the key to decrypt their data. The risk is going up too. Researchers noted a 50% increase in the daily average of ransomware attacks between Q1 2020 and Q4 2020

Protecting your business from ransomware starts with protecting it from phishing. Regular security awareness training that emphasizes phishing prevention is a key part of any defensive strategy against ransomware. An estimated 65% of ransomware attacks are delivered via phishing. 

Phishing resistance training solution BullPhish ID has just been updated to include more customizable training campaigns and user-friendly features that make training painless for everyone. Launch a new campaign this week to start building your company’s ransomware protection.

Bit by bit helps client networks run smooth and secure.. visit our website at 877.860.5831

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