Ransomware cost US companies almost $21 billion in downtime in 2020

The victims lost an average of nine days to downtime and two-and-a-half months to investigations, an analysis of disclosed attacks shows. An analysis of 186 successful ransomware attacks against businesses in the United States in 2020 has shown that the companies lost almost US$21 billion due to attack-induced downtime, according to technology website Comparitech. Compared to … More Ransomware cost US companies almost $21 billion in downtime in 2020

Are you, the customer, the one paying the ransomware demand?

Ransomware payments may have greater implications than you thought – and not just for the company that gave in to the attackers’ demands. Firstly, the answer to the question is likely to be ‘yes’. The debate on ransomware payments continues, which, of course, is positive; with discussion and differing viewpoints put forward, an informed conclusion should be … More Are you, the customer, the one paying the ransomware demand?

Ransomware runs rampant, so how can you combat this threat?

A new paper explains how ransomware has become one of the top cyberthreats of the day and how your organization can avoid becoming the next victim. The infosec community has long been warning that ransomware has the potential to grow into the number one cyberthreat for business. However, since ransom demands were low and malware … More Ransomware runs rampant, so how can you combat this threat?

Ransomware: To pay or not to pay? Legal or illegal? These are the questions …

Caught between a rock and a hard place, many ransomware victims cave in to extortion demands. Here’s what might change the calculus. The recent spate of ransomware payments cannot be the best use of cybersecurity budgets or shareholder capital, nor is it the best use of insurance industry funds. So, why are companies paying and … More Ransomware: To pay or not to pay? Legal or illegal? These are the questions …

5 essential things to do before ransomware strikes

By failing to prepare you are preparing to fail – here’s what you can do today to minimize the impact of a potential ransomware attack in the future. While more concerted efforts from various anti-ransomware groups continue to bring pressure to bear on ransomware operators, successful attacks are still making the headlines. It’s not just large operators in … More 5 essential things to do before ransomware strikes