Our Founder Marc Grens, published an article for Security Magazine. You can view the post in it’s entirety here.

Introduction

The virtual working environments of many employees during the pandemic have exposed numerous companies’ vulnerabilities to the threat of ransomware. As more and more companies operate remotely, the number of threat actors targeting these businesses will continue to rise. Insecure systems and unsuspecting employees are vulnerable to ransomware attacks. In fact, during the first half of this year, ransomware attacks increased by nearly 900%. Overall, 2020 has been a cybersecurity pandemic all its own, with a 72% increase in ransomware growth due to COVID-19.
Ransomware attacks were on the rise long before the pandemic. Over the last two years, ransomware attacks have risen by 200% - they are becoming more frequent, more expensive, and more sophisticated. This issue is anticipated to continue throughout 2021 and why businesses must be proactive to manage threats and other actionable steps to mitigate any damage.

Tips

  1. Educate employees and yourself about ransomware.
  2. Enlist the support of a cyber incident response team and keep their services separate from a cryptocurrency ransomware settlement provider.
  3. If necessary, find a credible partner to help with cyber ransom settlement.

Takeaway

Ransomware Will Only Continue to Get Worse, So Prepare Yourself. Unfortunately, the rise in ransomware attacks will continue to boom in 2021. The truth is that this upcoming year is going to be equally challenging, if not more difficult, for companies of all sizes in terms of cybersecurity. That is why business leaders need to take actionable steps now. Connect with cybersecurity and incident response organizations to learn how you can proactively secure your data and educate your employees on cyber-attacks. You must be prepared for a continued and persistent onslaught of cryptocurrency ransomware attacks, a threat that is evolving to become even more dangerous and expensive.