What is Ransomware and why it’s increasing
Most recently many businesses have transitioned their workforce to work from home, making them increasingly reliant on being digitally connected through a variety of devices. Although there are many advantages to this change, we’re also seeing some disadvantages in terms of increased ransomware attacks due to the significant growth of devices being left exposed. In the first half of 2020, ransomware attacks reached an all-time high, and we continuously hear about new attacks happening every week. What is often happening in these attacks, is the hackers are encrypting servers and files with ransomware before demanding a large sum of bitcoin in order to release the resources. These costly attacks can range from hundreds of thousands to even millions of dollars.
This frightening ongoing trend is putting all types of business on high alert and demanding that they prioritize their IT security and disaster recovery plans.
