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Despite the unique threats posed by ransomware, basic
cybersecurity measures and a strong cyber risk reduction strategy
remain the most valuable tools to prevent an attack and shape a
strong response if (or when) one happens. Here’s five tips to
get started.
The growing threat from ransomware is forcing organizations to
re-think their cyber risk mitigation strategy. As private
organizations and governments look ahead to 2021 and the risks they
face in an increasingly uncertain world, ransomware will no doubt
rank high on any list. Ransomware attacks involve the use of
malware that encrypts the victim’s computing system, rendering
files and data inaccessible until a demand for payment is met, and
a decryption key is provided.
In a recent twist, certain ransomware attackers are increasingly
threatening to release the victim’s data publicly if demands
are not met. The incidence of ransomware attacks increased 37% year
over year between 2018 and 2019, with an associated increase in
ransomware-related losses of 147%. And the threat has only…
