As the world begins to redefine and establish a new normal after lockdown, cyberattacks are not letting up. From attacks on small businesses to the latest Colonial Pipeline attack, ransomware continuously presents itself as a significant threat to cybersecurity.
According to Cybercrime Magazine, experts predict there will be a ransomware attack every 11 seconds in 2021. Scary to think about, right? The power lies in organizations’ hands to stay vigilant and protected from ransomware attacks and groups like DarkSide. Now, consider this: if cyberattacks have the power to take down some of the largest businesses in the world, what can they do to your organization?
Let’s step into the world of ransomware to gain a deeper understanding of what is happening in one of the industry’s fastest-growing cyber nightmares.
As stated by the Cybersecurity and Infrastructure Security Agency (CISA), ransomware is “an ever-evolving form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption. Ransomware actors often target and threaten to sell or leak exfiltrated data or authentication information if the ransom is not paid.”
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