Ransomware is a serious threat to tech professionals because the proprietary data they work with is vital to their businesses. Cybercriminals rely heavily on two schemes: One, they seize systems and demand money to restore access; two, they threaten to expose sensitive data and intellectual property unless a ransom is paid.
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As its name suggests, ransomware holds a computer system hostage until payment is made. What is the average cost of a ransomware attack?
$700,000
$170,000
$1,000,000
$75,000
Ransomware attacks cost companies an average of $700,000 per incident. Costs can include the ransom, lost revenue, legal fees and remediation expenses.
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Over time, cybercriminals and malware have become more sophisticated making it increasingly more difficult for businesses to recover from attacks. What is the average number of days of downtime caused by a ransomware attack?
5
35
75
18
In 2020, ransomware attacks caused companies an average of 18 days of downtime. If a business is unprepared, ransomware can temporarily cripple operations or even force closure.
Utilize smart ways to gain an extra layer of ransomware protection. If you want to greatly reduce your business’s risk associated with ransomware, consider the benefits of requiring multifactor authentication (MFA). What is MFA?
Strong passwords
Backup strategy
Identity verification
Incident response
Adding additional layers of defense can help stop or slow ransomware attacks. MFA requires authorized users to provide more than one way to validate their identity.
Utilize smart ways to gain an extra layer of ransomware protection. If you want to reduce your business’s risk associated with ransomware, consider using an endpoint detection and response system (EDR). What is EDR?
Identity authentication
Behavior monitoring system
Antivirus software that searches for known malware by itself is no longer enough. An EDR solution monitors systems and alerts businesses when it detects abnormal behavior.
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Expand your ransomware intelligence by reading our white paper, “Risky Connections: Ransomware’s Unique and Escalating Threats to Technology Companies.”
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Expand your ransomware intelligence; read our white paper, Risky connections: Ransomware’s unique and escalating threats to technology companies.
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