Should you ignore ransomware?

Why Ignoring the Threat of Ransomware Could Cost You Your Business. You’ve been reading about it – hearing about it and now you’re wondering if you should be doing more to protect your data against ransomware. The short answer is yes, and the sooner the better.

What are the chances of getting ransomware?

(National Security Institute, 2021) Experts estimate that a ransomware attack will occur every 11 seconds in 2021. (Cybercrime Magazine, 2019) Out of 1,086 organizations whose data had been encrypted, 96\% got their data back.

Can US stop ransomware?

The U.S. Department of Homeland Security (DHS) and the U.S. Department of Justice (DOJ), together with federal partners, have launched a new website to combat the threat of ransomware. StopRansomware.gov establishes a one-stop hub for ransomware resources for individuals, businesses, and other organizations.

Does ransomware only affect Windows?

Myth 1: Ransomware only affects Windows PCs While it’s true that Windows machines are the most common target for malware attacks, the myth that Macs are immune to ransomware is categorically false. In fact, several ransomware programmes developed to specifically target Mac OS have been identified and reported.

What will ransomware cost the world in 2021?

The latest prediction is that global ransomware damage costs will reach $20 billion by 2021 – which is 57X more than it was in 2015. This makes ransomware the fastest growing type of cybercrime.

Is Ransomware still a problem?

Ransomware is still a problem, sure. Yes, it still claims tens of thousands of PCs, laptops, and mobile devices per year, but it’s not anywhere near the threat that it used to be, and its overall impact grows smaller by the day.

How much does a ransomware attack really cost?

Amounts demanded for the ransom would vary wildly depending on the criminal ring behind it, anywhere from $25 to $600, almost always paid either in Bitcoin, or sent through MoneyGram onto untraceable prepaid cards in Eastern European nations.

What is the earliest known version of ransomware?

The earliest known version of ransomware, called CryptoLocker, first debuted on the scene around the tail end of 2013, and hit so hard the Internet barely had enough time to figure out what it was dealing with in the first place.