Ransomware Attacks Growing at a Fast Rate

Ransomware has become a burning concern to every office in the world which wasn’t even existing 30 years before. Probably there was never a danger of this kind. The fact that the ransomware gets stronger day by day, is the most profound concern. 

Current revelations show how diabolical the threat of ransomware is. In 2020, attacks rose by 715%, as opponents rejected the Covid-19 epidemic disruption to trap victims down with their guard. In addition to being more offensive, threat actors were much more reluctant to threaten the following: A patient was killed by a ransomware attack in the equipment gear that kept him alive in a German hospital and a California university was paying over $1 million to get back the IT online. In contrast to the unnamed impact on the country’s economy, the Colonial Pipeline attack showed various weaknesses in US energy infrastructure. 

The whole strategy seems to work since the ransomware payments increased by 100% in 2020. There are no signs of ransomware attacks being curbed, as an Apple supplier also became a victim of a $50 million ransom demand. If ransomware was known to be alarming, it now took on a genuinely frightening character. And none of the organizations can find themselves as immune against it. 

This does not imply, that everyone has the same chance of a successful intrusion with ransomware. Indeed, that is what makes businesses most vulnerable – one that sees ransomware as unavoidable and unstoppable, one believes that the situation is bleak, instead of upgrading their security plan to keep up with developments in ransomware. 

Ransomware Attacks Growing at a Fast Rate