It seems like every other cybersecurity story that you come across these days is talking about another audacious ransomware attack. Ransomware attacks increased by 288% between Q1 and Q2 2021 across the board. But while it may seem like cybercriminals are just targeting everyone, there’s actually a method to the madness, and knowing a little more about that can help you keep your business safe.
Geography matters. Businesses in the US are the most popular choice for cybercriminals, with almost half of ads measured in a popular dark web cybercrime forum looking for access to US companies. Canada (37%), Australia (37%), and European countries (31%) were also contenders. To compare, organizations located in Asia (33%), North America (30%) and Europe (27%) were the hardest hit by ransomware attacks in 2020.
Industry is also an important factor in a company’s likelihood of a ransomware attack. Manufacturers, suppliers and business services companies are hot targets. Cybercriminals love a 2 for 2 bargain, like a successful attack on a small company that can give them an access point that enables them to attack a larger, wealthier corporation.
No matter what industry you’re in, making sure that your business is ready to fight back against a ransomware attack is critical to your future success – 60% of companies that fall victim to a cyberattack go out of business within a year.
The most common delivery system for ransomware is a phishing email. But security awareness training can reduce your company’s chance of experiencing a successful phishing attack by up to 70%.
Choose a solution like BullPhish ID that offers you a wide variety of content options from customized training materials to plug and play phishing campaign kits to make sure you’re getting exactly what you need, and start training your staff to spot and stop threats in order to effectively protect your business from ransomware and other damaging threats. .
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