One of the fastest growing cyber threats to businesses is ransomware, which hackers use to shut down an organization’s computer system until the victim pays a ransom to unlock it.
While most organizations focus on the cost of the ransom, which can easily run into the tens of thousands of dollars, the costlier damage is to the company’s operations, which can be hampered or completely shut down after their systems are rendered unusable.
Ransomware is one of the fastest-growing cyber threats and attacks are expected to grow 240% in 2022 from the 2021, making it vital for your organization to have in place systems to reduce the chances of becoming victimized.
Ransomware typically enters a company’s systems after an employee clicks on a link in a rogue e-mail, which allows the malicious code to infect the company’s systems and eventually shut them down, locking out all users and making all or some of the data inaccessible. After it has frozen the systems, it will demand a ransom to unlock it. The Cost of a Ransomware Goes Beyond the Ransom Paid