What Is the Ransomware Landscape?
Ransomware continues to be a growing malware threat, targeting users of all types – from the home user to the corporate network. It can lead to temporary or permanent loss of sensitive or proprietary information, disruption to regular operations, financial losses incurred to restore systems and files and potential harm to an organization’s reputation.
Cybercrime doesn’t discriminate. It hits businesses large and small. One of the most pervasive types of cybercrime today is ransomware. Learn how ransomware can prevent a business from operating.
Cyber threats are gaining attention and illuminating the need for better cyber safety. There are ways to help protects yourself or your company through prevention and responsive actions to mitigate threats or resulting losses.
The Ransomware Landscape
What Is Ransomware?
A form of malware that targets your critical data or systems for the purpose of extortion.
Phishing emails may look legitimate, but they are the most popular vehicle used to spread ransomware.
24 days:
Average length of interruption after ransomware attacks in the U.S.1
331 million:
Average number of ransomware attacks reported worldwide each year between 2017 and 20232
Which industries are targeted the most?
TOP 5 INDUSTRIES AFFECTED BY RANSOMWARE3:
Healthcare
Critical Manufacturing
Government Facilities
Information Technology
Financial Services
How Can Businesses Reduce the Risk of a Ransomware Attack?
- Train your employees
- Disable Microsoft Office macros when not needed
- Block Remote Desktop Protocol (RDP)
- Strengthen controls over privileged and remote access by enabling multifactor authentication (MFA)
- Leverage open-source intel
- Review and test backup and recovery capabilities
Learn more about the risks of ransomware and how cyber insurance can help protect your business.
1https://www.statista.com/statistics/1275029/length-of-downtime-after-ransomware-attack-us/#:%20~:text=As%20of%20the%20%20second%20quarter,United%20States%20was%2024%20days.
2https://www.statista.com/topics/8338/malware/#topicOverview
3www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf
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