From SafetyDetectives August 2020 —
Eric C.
Being ever-evolving as an attack tool, even the simplest form of ransomware can cost significant time and money, but more severe attacks can deal a crippling blow and even destroy a company completely, sparing no one — not even large, prominent organizations. Unprepared users and businesses can quickly lose valuable data and money from these attacks. This is especially dangerous in these days of economic uncertainty, as both individuals and businesses try to manage and mitigate their risks while planning ahead.
There is no easy win in the war on cyber extortion, and the only way to deal with this threat is to first have proper intelligence — understanding how ransomware works, who it targets, how, and where.
The following facts, statistics, and trends will help you realize how imminent the ransom threat is to your business and personal life.
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