More than a third of organizations have experienced a ransomware attack or breach
A recent International Data Corporation (IDC) survey found that more than one-third of organizations worldwide have experienced a ransomware attack or breach that blocked access to systems or data in the previous 12 months.
Joseph Carson, chief security scientist and Advisory CISO at ThycoticCentrify, a Washington D.C.-based provider of cloud identity security solutions, says, “Organizations of all sizes must take ransomware extremely seriously as it will continue to be the largest of cyber threats. Ransomware continues to be very costly for many organizations - the price you pay for not being prepared is growing. It only takes one employee with local admin privileges to click on a malicious email attachment to take down an entire company. By ensuring that a comprehensive system for monitoring and controlling privileged access credentials is in place, organizations can greatly lower the success rate and risks of a ransomware attack. If attackers gain initial access to a network, they’ll begin to look for ways to escalate their privileges to compromise a network and spread the attack fully. Privileged access management tools can slow that spread and keep ransomware contained at its inception point (e.g., a single endpoint or set of credentials).”