It may not be news to you that ransomware is on the rise, but the numbers may leave you shocked. In 2020 alone, there were close to 300 million ransomware attacks worldwide.1 The cost of ransom payments demanded by hackers are also increasing in tandem with the increase in attacks. According to a recent projection, the global annual cost of ransomware attacks will touch $20 billion by the end of 2021.
4 Data Backup Myths You Need to Know About
Humans generate 2.5 quintillion bytes of data every day.1 That is a substantial amount of information. However, failing to keep up with the ever-changing threat landscape might wipe your share of this data in the blink of an eye. In fact, ransomware has more than doubled in frequency since last year, accounting for 10% of verified breaches.
5 Ways to Combine Compliance & Cybersecurity Best Practices to Improve Outcomes
When you run a business, compliance and security are two essential factors. Both are equally important for the seamless operation of your business. While compliance helps your business stay within the limits of industry or government regulations, security protects the integrity of your business and sensitive data.
It is worth noting that although security is a prime component of compliance, compliance does not equal security. This is because compliance does not consider the growing threat landscape and associated risks. What it considers, however, is a set of pre-defined policies, procedures, controls, etc.
Regulations for Securing the Internet of Things
We are living in the era of Digital Transformation and witnessing first-hand the proliferation of assistive technologies such as the Internet of Things (IoT). It is estimated that the global count of IoT devices will reach around 80 billion by 2025 — a figure that will outnumber the human population across the globe tenfold.
This IoT network of physical devices — “things”— designed with embedded sensors, software and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet, has generated greater access to data and analytics across all industries and can increase the efficiency and agility of business operations.
Your Biggest Cybersecurity Risk: Your Untrained Employees
Cybercriminals work round the clock to detect and exploit vulnerabilities in your business’ network for nefarious gains. The only way to counter these hackers is by deploying a robust cybersecurity posture that’s built using comprehensive security solutions. However, while you’re caught up doing this, there is a possibility you may overlook mitigating the weakest link in your fight against cybercriminals — your untrained employees.
Ransomware: Cybersecurity’s Biggest Bully Yet
Can you imagine logging into your system to access your business data and being unable to do so? Talk about your worst nightmare coming true! Unfortunately, an increasing number of businesses around the world are living this nightmare with countless others coming in the line of fire, including yours. Ransomware is growing rapidly and crippling businesses worldwide, making up 27 percent of all malware incidents in 2020.
Securing Your Remote Workers
According to the FBI, daily cybersecurity complaints increased from 1,000 to 4,000 during the COVID-19 pandemic. With DDoS, Malspam, ransomware and phishing attacks on the rise, failing to secure your remote workforce makes you a sitting duck for cyber attacks.