5 Ways To Thwart Ransomware With An Identity-First Zero Trust Model
Security Boulevard, Thursday, June 13th, 2024
Ransomware is reaching epidemic proportions. A recent report from Veeam found that 75% of businesses suffered an attack in 2023.
According to a report from NCC Group's Global Threat Intelligence Team, ransomware attacks surged by 16% within a single month, between June 2023 and July 2023, marking a more than twofold increase from the number of attacks reported in July the previous year.
And it's incredibly lucrative. That same year, the global net payout of ransomware attacks was over $1.1B - a staggering $533M more than the year before. With the average ransom payment in Q1 of this year sitting at $2M (up from $400k in Q1 2023), 2024 will be the most expensive year for ransomware attacks in history. Industry analysts predict ransomware attacks could cost organizations more than $250B annually by 2031.