What Is the Current Ransomware Landscape?
Ransomware is the fastest 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.
Cyber crime doesn’t discriminate. It hits businesses large and small. One of the most pervasive types of cyber crime 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 protect 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.
16.2 days
Average time a ransomware incident lasts1
187 million
Number of ransomware attacks detected in 2019 by a single cyber security firm2
WHICH INDUSTRIES ARE TARGETED THE MOST?
Top 5 industries affected by ransomware3
- Professional Services
- Healthcare
- Software Services
- Public Sector
- Consumer Services
HOW CAN BUSINESSES REDUCE THE RISK OF A RANSOMWARE ATTACK?
- Train your employees
- Disable Microsoft Office macros when not needed4
- 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. Visit travelers.com/cyber
1www.coveware.com/blog/2020/1/22/ransomware-costs-double-in-q4-as-ryuk-sodinokibi-proliferate
2www.sonicwall.com/2020-cyber-threat-report/
3www.coveware.com/blog/2020/1/22/ransomware-costs-double-in-q4-as-ryuk-sodinokibi-proliferate
4www.microsoft.com/security/blog/2016/03/22/new-feature-in-office-2016-can-block-macros-and-
help-prevent-infection/
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Spotlight on Ransomware
Learn about emerging threats, what steps a business can take to reduce ransomware risk and follow a timeline of an actual ransomware claim.
