Monday, January 3, 2022

Can You Afford to Pay a Ransom?


Ransomware is the star of the show in today’s cybersecurity landscape. Messy, ever-evolving and seemingly everywhere, ransomware attack numbers just keep climbing, and so is the price of failure when it comes to repelling a ransomware attack.  

In the National Cybersecurity Centre (NCSC)’s 2021 Annual Review, analysts noted that they handled the same number of ransomware incidents in just the first four months of 2021 as it did in the entire year of 2020 – and the number of threats that it handled in 2020 was more than three times greater than in 2019.   

Those attacks included higher ransom demands and incident recovery costs than ever before. An estimated 46% of companies that fell prey to ransomware last year faced ransom demands of $2 – 10 million, and that cost is expected to rise by 20% per year over the next 10 years. 

You can’t afford to become the victim of a ransomware attack. One way to prevent that is through increased security awareness training, as recommended by IBM researchers. An automated security awareness training solution like BullPhish ID makes it easy for you to take that advice, lowering your risk of having an expensive and damaging cybersecurity incident. 

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

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