What is Ransomware and How Does it Occur? To help you prevent data loss and safeguard your company, we’ll review some of the most persistent ransomware threats you should be aware of, and then go over some powerful methods of protecting against them.īut first, let’s make sure you understand what ransomware is and how it can gain control of your computer systems. You need to empower your organization with ways to protect against ransomware today before you become a victim of one of the worst IT security threats in recent history. Once your computer systems have been attacked, it’s too late for protection. Very few companies can afford a loss of multi-millions, let alone months or even weeks of downtime.
Mike Fey, president and COO of Symantec, said, “The ‘clean up’ for companies who were impacted by WannaCry will be enormous, including months of recovery time for IT departments and multi-millions in cost for the victims.” We believe ransom payouts are the least of all damage cost contributors.” Steve Morgan, founder and Editor-In-Chief at Cybersecurity Ventures said in the same report, “While the percentage of ransom victims who pay Bitcoin to hackers in hopes of reclaiming their data appears to be on the decline, the total damage costs in connection to ransomware attacks is skyrocketing.
Global ransomware damage costs predicted to exceed $5 billion in 2017, up from $325 million in 2015, according to Cybersecurity Ventures. If you don’t learn how to protect against ransomware, you risk losing millions of dollars
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