In the first quarter of 2016, the amount of ransomware payments extorted from corporations skyrocketed to $209 million (compared to just $24 million in all of 2015). This figure is expected to reach $1 billion by the end of the year. The variety and creativity of ransomware and malware attacks is simply making them an unavoidable business reality. From small business associates and service providers, to the covered entities they serve, everyone’s data and systems are at risk.
With the volume of ransomware attacks increasing dramatically, it is critical that organizations:
To learn more about ransomware and how Xtium recently assisted a client hit with a cyberattack, download our whitepaper and case study “10-minute Guide to Ransomware Protection”.
This paper offers Xtium’s perspective on the ransomware threat and describes easy-to-implement solutions that can help keep your organization protected.
Below is an excerpt from the discussion.
Fact 1: Ransomware attacks are a growing threat
Ransomware continues to plague companies as attackers are getting more aggressive. The US Departments of Justice (DOJ) and Homeland Security (DHS) recently released a report that explains the need for ransomware protection and examines the scope and impact of recent cyberattacks. 2015 saw the largest volume of attacks so far, and they continue to get more sophisticated and clever. One example of this criminal innovation is “spear phishing attacks” which impersonate specific employees’ email accounts (typically those of the business’ leaders) and send seemingly genuine requests that fool other employees. The recipients, believing that they are being instructed by a manager or other superior, then unwittingly take some action that allows a ransomware virus or other malware to take root.
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No company is safe from the onslaught of cyptolocker virus ransomware attacks. The unfortunate nature of these attacks is that human error and simple mistakes can allow entry to a cyberattacker and can render files and systems useless.Read Case Study