According to Cyber Security Ventures, global damage costs from ransomware are estimated to be more than $20 billion in 2021, up from $11.5 billion in 20191 . By the end of 2021, they expect there to be a ransomware attack every 11 seconds, up from every 14 seconds in 2019. No industry is immune to ransomware attacks. And attacks on one company’s infrastructure can halt business operations for many others. For example, in July 2021, 1,500 businesses around the world were affected by a ransomware attack focused on the U.S. information technology firm Kaseya.² Kaseya provides IT tools to other companies who outsource their information technology needs. So when one of their tools was compromised by ransomware, hundreds of companies across five continents were forced to stop business while Kaseya got their systems back online. The threat actors reportedly demanded a $70M ransom based on the widespread nature of the attack.
Insider’s guide to defending against ransomware Evaluate the real risks, costs, and strategies for IT leaders
