Ransomware attack prevalence and impact have been steadily on the rise over the past several years, with no sign of slowing down. Ransomware is a tried-and-tested method of threat actors that prevents organizations from accessing their computer files, systems, or networks and demands a ransom for their return. It accomplishes this by encrypting all of the files on networked computers and forcing businesses to pay a ransom for the decryption key.
The average ransom in 2024 was $2.73 million, which is an increase of nearly $1 million from the previous year. The economic impact of ransomware attacks is severe, but the operational downtime can have devastating effects on business continuity, production, safety, and reputational trust.
Adopting a proactive approach to attack surface management, intelligent prioritization and automation are key to preventing ransomware attacks before they happen, and containing any impact on your organization.