Twenty-seven percent of malware incidents reported in 2020 can be attributed to ransomware. Ransomware — cyber extortion that occurs when malicious software infiltrates computer systems and encrypts data, holding it hostage until the victim pays a ransom — can have a bigger impact on an organization than a data breach.
In the short term, ransomware can cost companies millions of dollars, and a potentially even greater loss over the long term, impacting reputation and reliability. From top healthcare providers and retailers in the U.S. to insurance providers in the Middle East, ransomware attackers are proving to be a continuing cybersecurity threat.
Secure the organization using a plan that must cover the following six actions:
- Conduct initial ransomware assessments
- Enforce ransomware governance
- Maintain consistent operational readiness
- Back up, test, repeat ransomware response
- Implement the principle of least privilege
- Educate and train users on ransomware response actions