Ransomware: Still a Cyber Menace to all Businesses
Ransomware has become the top cyber threat facing businesses today.1 In fact, its menacing growth has helped drive cyber attacks to the top of the list of global risk concerns organizations face today.2 Unlike a data breach, ransomware is a risk without discretion. Any company that requires access to critical data or faces loss or hardship in the event of business interruption is a potential ransomware victim. Unfortunately, attacks have become more sophisticated and are growing.
The potential consequences of business disruption and loss or public exposure of sensitive data are severe, and can include loss of revenue, reputation, breached contracts, missed deadlines, failure to meet customer or client expectations, or even, in the most extreme examples – such as with healthcare providers – possible loss of life.
Businesses must take proactive steps to prepare for and prevent these outcomes resulting from a ransomware attack.