It’s been said that ransomware is only in its infancy. One might have hoped or at least speculated that ransomware would be just a flash in the pan and eventually tail off, even if long-tailed. But that’s not the case, with ransomware attacks doubling in 2020 over 2019. It was disheartening to see the increased number of ransomware attacks in the healthcare market as the pandemic-related chaos prevailed and provided a smokescreen for hackers.
Cybercrime is fast becoming a significant threat to business operations. A prediction by Cybersecurity Ventures suggests a company will be hit by ransomware every 11 seconds in 2021. A July 2020 report from Gartner predicts, “Cybersecurity threats and ransomware attacks will impact 95% of infrastructure & operations leaders through 2024.” And, according to the Federal Bureau of Investigation (FBI), the severity of ransomware attacks increased 47% in 2020, with a 100% spike in the number of attacks since 2019.