Issue link: https://insights.oneneck.com/i/1491444
Ransomware is an unwelcome reality in the digital universe and has been amplified due to the recent shi in remote work, distance learning, and rapidly evolving workplace models. No one is immune from it, but everyone must protect against it. Many security experts compare protec ng digital assets to securing a home. While that is mostly accurate, the one crucial difference is that cybercriminals don't just walk through your front door to steal your assets; they seep through your walls. And unfortunately, ransomware is here to stay, as evidenced by an increase of 41% compared to last year and surging price tags. 1 It is es mated that all corpora ons' losses to cybersecurity a acks run at the rate of one million dollars ($1m) per minute. 2 With the recent rash of a acks touching tech, retail, educa on, healthcare, manufacturing, and government agencies, it takes a proac ve approach to keep data safe from a ack. To mi gate risk and maintain business con nuity, today's businesses require a mul -faceted and comprehensive data protec on strategy for ransomware readiness. A cloud-delivered data backup service is an essen al part of that strategy. Introduction 2 Ransomware is growing in sophis ca on Ransomware uses phishing spam and social engineering to access vic ms' resources. A ackers encrypt and deny access to cri cal and sensi ve data, then demand a monetary payout before returning encrypted data to a usable format. But what was once a lone wolf prac ce has emerged as a new network of digital organized crime. Bad actors not only understand your data's value but employ sophis cated measures and technologies to orchestrate their a ack to more effec vely mine for and exploit security loopholes. In other words, cybercriminals too are advancing their business prac ces. For comprehensive coverage from today's threats, ins tu ons must proac vely invest in preventa ve security measures to keep data safe and recoverable from a ack. Not only does this reduce the threat of exposure and liability for businesses, but it ins lls a high level of business con nuity in the face of ransomware and malicious a ack, among other data loss threats.