Ransomware Exposure Assessment and Prevention

For many years, ransomware has crippled digital networks, small, medium and enterprise business. It causes data loss, data leaks, and creates data breaches at countless organizations. With incidents of ransomware attacks continuing to increase, many organizations are seeking better insight into their ability to detect and respond to a ransomware event.

FACTS ABOUT RANSOMWARE

• The most common tactic to deliver ransomware is a phishing attack. In the last 2 years irt rose over 600%
• 10% of all breaches were caused by ransomware according to Verizon (2021 DBIR). Only 2% breaches were caused by ransomware in 2016.
• Expected downtime from a ransomware attack is about 23 days according to many statistics
• Cyber-criminals will demand payment after a successful attack, average payment is over $220,000
• The highest ransom paid by an insurance company was $40,000,000
• In 42% of ransomware cases, cyber insurance covered only a small part of claims
• Cyber insurance premiums rose by 10% – 50% because of increased frequency of attacks and because of business impact.

Ransomware attacks can significantly cripple business operations; some cyber-criminals will even put company data on the internet. Paying ransom will not always guarantee proper decryption as you will be dealing with cybercriminals from other countries.

Preventing and deflecting ransomware attacks is not an easy task as they use various attack vectors. Over the years, we have designed multi-layer security to cover all known attack vectors to deflect and prevent ransomware attacks. None of our managed clients were victims of ransomware.