Ransomware attacks have skyrocketed by 400% since the beginning of the COVID pandemic. The massive surge in employees suddenly transitioning to remote work has left wide security vulnerabilities. Home or public networks do not have the same security measures as those set in place by company IT departments. Not to mention that many people using personal devices do not even know what security measures they have.
IT departments are unable to monitor every threat that could be present on personal devices and personal or public networks, and setting company standard security measures in place on every one of these devices and networks is impractical and impossible. This means that cyber criminals have suddenly been given access to much more data than they’ve had in the past.
The two types of ransomware attacks are “locker” and “crypto.” Locker ransomware locks the whole device and renders in inoperational, while crypto locks files, documents, and software. A successful ransomware attack locks users out, then demands payments in exchange for access, and the ransom is paid through cryptocurrencies.
Ransomware attacks have no small price tag. Seventy-five percent of companies will face an attack of this nature within the next five years and the cost of these attacks will reach over 20 billion dollars in just this year alone.
While top of the line cyber security can prevent a large percentage of these attacks, technology alone is not the answer. It requires both human intervention as well as technology in order to recognize potential threats and prevent successful attacks.
Of course, it’s not just any person who can manage detection effectively. The average person receives 63.5 notifications every single day. It takes a trained analyst to efficiently detect both actual threats and attacks and those that are false positives.
The best security technology and trained cyber security professionals working together can keep businesses safe.
Infographic Source: Pondurance
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