The Solution Provider's Guide To Protecting Clients From Ransomware

Hundreds of thousands of ransomware attacks take place every single day. No one is immune. From individuals and small businesses to large enterprises and government agencies, everyone is a target. It’s hard to pinpoint exactly how much money ransomware attackers have raked in over time, because not all victims report incidents, but the FBI estimates that victims dished out at least $1 billion in ransom payments in 2016.

Ransomware has become an epidemic and is now one of the top concerns of cybersecurity professionals due to the frequency of attacks and the risk of losing critical organization assets, including financial records, standard operating and even required day-to-day documents. In 2016, attacks increased by 300% and that number is expected to continue to rise in 2017.

Extortion amounts demanded by attackers are routinely considered affordable, so most businesses conclude it’s easier to pay than to fight the attackers. But the more they pay, the bolder the ransomware crooks get – and the higher the extortion demands go, making ransomware a lucrative enterprise for cybercriminals.