While ransomware is far from new, the rapid, global shift towards a new hybrid work culture that operates both inside and outside of the perimeter means organisations today are more vulnerable to attacks than ever before.
According to The State of Ransomware 2021 report by Sophos, 37% of organisations having already been hit by ransomware so far this year, while the average total cost of recovery from a ransomware attack has more than doubled from $761,106 in 2020 to $1.85 million in 2021. But what’s driving this sudden upsurge?
Traditionally, good data backups and a rehearsed restoration procedure were a good investment against paying a ransom. Of course, examples of backups also becoming infected persist as grim war stories, but only as edge cases. Increasingly, ransomware crews have found innovative ways to circumvent security measures and ensure their efforts are rewarded.
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