Ransomware is currently one of biggest challenges in cyber security. Ransomware basically encrypts and locks you out of your critical assets, and it also asks you to pay, to recover access to those assets. Some organizations believe they don’t have an option and eat the cost, although there’s no guarantee that access will actually be reinstated. The risk of ransomware is simply too big for businesses to ignore, particularly as strains continue to advance. IT departments and tech vendors constantly work to create patches that will defend against ransomware as it evolves and reinstate security following a breach. Ransomware has significantly affected the patching process as well as how companies must think about their security posture.
Attacks Covering More Ground Than Ever
Hackers aren’t just looking to target big organizations anymore – they are also aiming for small businesses that likely won’t have the necessary security measures in place to protect themselves. According to Datto, IT service providers believe that ransomware attacks will increase in the next two years, and that it will be a big problem for SMBs. In 2016, 90 percent of IT service providers reported recent ransomware attacks on small businesses. Within the first six months of 2016, 60 percent of providers reported up to five attacks. Nearly one-third even identified multiple attacks in a single day.
While phishing emails and lack of employee cyber security