The ransomware attacks are becoming a common phenomenon and has been infecting businesses and governments globally. The conventional defenses are not enough according to the security experts. The current state of ransomware attacks has been depicted by the report by Cloudian.
The report gives the following statistic-
How much do these attacks cost?
The Impact of these Attacks-
Ransomware attacks are not only linked with financial losses, they also damage the reputation of the company, the customer’s privacy and also the normal operations of the company. The recent trends in the attacks gives a demonstration to the fact that prevalent conventional methods to stop ransomware from successful attacks are not enough.
The step that organizations can take is that they should have immutable data backup. These kind of backups ensure that the organization does not have to pay the ransom amount to recover the unencrypted data. Organizations must recognize ransomware as a real threat and it can happen to them any time. So they must take comprehensive and appropriate steps to ensure security from these threats.