With July being Ransomware awareness month, KnowBe4 has released a ransomware resource toolkit at no cost for organisations and IT managers as part of a dedicated, month-long campaign in July to increase awareness about ransomware attacks.
Ransomware is a malicious cyberattack where cybercriminals encrypt an organisation’s data and demand a ransom payment to regain access. It has evolved to include extracting and threatening to expose sensitive information, combining the extortion tactics. This represents one of the many methods cybercriminals exploit human vulnerabilities in security postures.
Malicious emails or phishing were identified as the main cause of ransomware attacks in 34% of cases, according to Sophos’ State of Ransomware 2024 report. Global ransomware damage costs are expected to reach $265 billion by 2031, up from $20 billion in 2021, according to a Cybersecurity Ventures report. They are predicting a new attack on a consumer or business every 2 seconds. The KnowBe4 resource kit is aimed at helping organisations and users better manage these attacks in its many forms and the innovative tactics cybercriminals use to conduct these malicious attacks.
“Ransomware remains one of the biggest cybersecurity threats facing organisations today, with the majority of organisations having experienced at least one ransomware attack in the past year,” said Stu Sjouwerman, CEO of KnowBe4. “Effectively combating these attacks requires a threat management strategy that directly addresses how cybercriminals gain initial access – through exploiting human vulnerabilities. Bad actors are continuously escalating their extortion tactics, making damages more severe and recovery exponentially harder. During Ransomware Awareness Month, our goal with this resource toolkit is to arm IT managers with the knowledge a ..
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