According to Cybersecurity Ventures, the costs of global ransomware campaigns are expected to increase from $11.5 Billion in 2019 to $20 Billion in 2021. The same report states companies fell victim to ransomware attacks every 14 seconds in 2019 and predicts it will reach every 11 seconds in 2021.
Ransomware can be delivered via several mechanisms, the most popular of which is often phishing. However, a new category called “Human-Operated“ Ransomware is now being used to execute multi-level attacks against company networks. Here’s how it works: