The Shifting Landscape of Ransomware Attacks

Let's talk about the Shifting Landscape of Ransomware. Ransomware has been a growing menace for years, but there has been a marked increase, during the recent months, in sophistication and level of innovation in this portion of the cybercrime underbelly. If you didn’t know, cybercrime comes in many different types, such as email and internet fraud, identity theft, financial theft like someone stealing your credit cards, theft and sale of corporate data, cryptojacking, cyberespionage, and cyberextortion. Ransomware attacks are a type of cyberextortion. Just to give an idea of how big the ransomware market is today. It is estimated that the cost of ransomware attacks reached 20 billion dollars in 2020. Now, just for comparison, the ransomware protection tools market like all the software that you can buy today to protect your organization from ransomware stands at 48 billion dollars what that means is that losses from ransomware are ramping up quickly and will outpace and outsize the protection market much like the overall cybersecurity losses. Ransomware perpetrators carry out more than 4,000 attacks daily where an organization on average pays a ransom of 154 thousand dollars and one in four of the organizations end up paying the ransom. Anyhow, #ransomware #attacks can quickly turn into a nightmare for unprepared IT teams, where the average downtime following a ransomware attack stands at 19 days. Two of the largest sectors that make for the best target for ransomware attackers are education and healthcare. If you remember one ransomware, I bet that’s WannaCry as it was the biggest and most damaging ransomware in history. It crippled 200,000 computers around the globe and NHS in the UK was most severely affected by the attack and as per the cyber risk modeling experts, the overall loss caused by WannaCry was close to 4 billion dollars. #REvil

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★★ FURTHER READING LINK ★★
Apple Ransomware: https://bit.ly/3gI11Mi

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This video is made for learning and educational purposes only.

Видео The Shifting Landscape of Ransomware Attacks канала Technology Leadership