Security News > 2022 > August > What is ransomware and how can you defend your business from it?

Oliver Pinson-Roxburgh, CEO of Defense.com, the all-in-one cybersecurity platform, shares knowledge and advice in this article on how ransomware works, how damaging it can be, and how your business can mitigate ransomware attacks from occurring.

The average pay-out from ransomware attacks has risen from $312,000/£260,000 in 2020 to $570,000/£476,000 in 2021 - an increase of 83%. One report also showed that 66% of organisations surveyed were victims of ransomware attacks in 2021, nearly double that of 2020.

Ransomware groups are now shifting their focus to smaller businesses, in response to increased pressure from law enforcement who are cracking down on well-known ransomware groups such as REvil and Conti.

Four key methods to defend your business against ransomware.

It is crucial that businesses are aware of how a ransomware attack may affect their organization, and how they can prevent cybercriminals from breaching their systems and holding sensitive data to ransom.

With ransomware groups continually looking for vulnerabilities to exploit, it's important that businesses develop robust strategies to prevent ransomware threats: ensure your staff takes regular security awareness training, set up threat monitoring tools to detect and alert you of vulnerabilities, and implement endpoint protection to protect your devices across your network.

News URL

https://thehackernews.com/2022/08/what-is-ransomware-how-to-defend-your.html