RANSOMWARE:  Every 11 seconds, a new organization gets hit by ransomware

Ransomware is a type of malicious software that threatens you with harm, usually by denying you access to your data. Once the ransomware has infected your computer, it will ask you to pay a ransom — usually in cryptocurrency — in exchange for decrypting your data or unlocking your computer.

Bitcoin was the primary method of payment for ransomware. Around 98 percent of payments were made in Bitcoin. 

• In 2020, 73 percent of all ransomware attacks were successful  (Sophos)
• Ransomware attacks rose $92.7 in 2021. (Security Magazine)
• By the end of 2021 the expected frequency of ransomware attacks is projected to hit 1 attack every second(BlackBerry)
• In 2021, ransomware was a part of 10% of all breaches. Overall, ransomware attacks doubled in frequency in 2021. (Verizon Data Breach Investigations Report)
• The Average of ransomware has skyrocketed to $4.4 million in 2022 (Dark Reading)

According to recent ransomware statistics from cybersecurity firm Coveware, these are the most widely reported causes of data breaches in 2020.  

1. REvil (Sodinokibi) — Ransomware program that’s difficult to detect 
2. Maze — Data-stealing ransomware that threatens to sell your data
3. Phobos — Ransomware that locks productivity documents

Learn more about Ransomware and how it impacts your business!

• Cyber Incidents Are A Priority for 2020
• Buy A Bitcoin From You?
• Ransomware and other Destructive Malware
• Two new tools for defeating ransomware

Don’t be the next victim of Ransomware. CIT can protect and secure your data, along with 24×7 server monitoring.

Don’t Gamble With Your Security . . . contact us today

Report all ransomware incidents with CISA (Cybersecurity & Infrastructure Security Agency) to help other secure their security.