Ransomware attacks are on the rise. While these activities are low-risk and high-reward for criminal groups, their consequences can devastate their target organizations.
According to the 2022 Cost of a Data Breach report, the average cost of a ransomware attack is $4.54 million, without including the cost of the ransom itself. Ransomware breaches also took 49 days longer than the data breach average to identify and contain. Worse, criminals will often target the victim again, even after the ransom is paid. These attacks put a company’s operations, staff, customers and reputation at risk.
Here’s what your organization can do to protect itself and avoid seeing the dreaded ransomware note.
Stopping Ransomware Begins With Detection
Ransomware attacks may seem to strike all at once, but the demand for payment is only the final stage of the attack. Long before sending a ransom note, the attackers have already gained access to the network months or even years before. On gaining initial access, the attackers move around laterally in an attempt to increase privileges on an administrator level. After succeeding, they are able to install the ransomware and encrypt files. Only after this deployment does the ransomware reveal itself to the victim.
While ransomware attacks are difficult to identify before their final attack, the starting point is understanding that traditional signature-based antivirus (AV) solutions are not enough to secure organizations against ransomware because attackers avoid using signature-based malware that can be blocked by AV solutions.
Ransomware can be detec ..
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