Ransomware attacks are skyrocketing – in number, cost, and severity. This variety of malware cost its victims an estimated$20 billion in 2020, when the coronavirus pandemic sent millions of workers home to log into corporate and government networks – which they did mostly on porous home networks, massively expanding the attack surface. This is causing devastation of organizations that mistakenly believed that they had the matter in hand.
Many corporate leaders are now aggressively tackling the ransomware learning curve. They are empowering their security professionals who recognize the ballooning size, frequency and cost of those attacks. As they do so, they are gaining new appreciation for the perseverance of the attackers, the vulnerabilities of their own cybersecurity measures and the true cost of recovering from an attack.