Learn about Ransomware and protect your organization with resources from Cofense
What Is Ransomware?
According to the Cybersecurity and Infrastructure Agency (CISA), Ransomware is an ever-evolving form of malware designed to encrypt files on a device, rendering any files and the systems that rely on them unusable. Malicious actors then demand ransom in exchange for decryption. Ransomware actors often target and threaten to sell or leak exfiltrated data or authentication information if the ransom is not paid.
- Ransomware is readily available and changes faster than detection technologies can respond
- In most cases, paying ransom is the only way to free hostage data and systems
- Recent successful ransom situations will only encourage more attempts
- Cryptocurrencies such as Bitcoin can be used to force untraceable ransom payments
- Without proper ransomware awareness training, humans are widely susceptible to phishing, the most commonly used ransomware attack vector
The average cost of a ransomware attack is $4.62 million
Phishing is the #1 attack vector for ransomware attacks
By 2031, ransomware will cost its victims $265 billion annually, with a new attack every 2 seconds
Ransomware Worldwide – The development of Bitcoin and the availability of ransomware-as-a-service on the Dark Web has led to substantial growth in ransomware attacks globally. Although the actual number of attacks and victims is hard to quantify due to underreporting, the scale of the recent attacks is greater than has been seen before.
Ransomware Training – Enterprises that foster ransomware security awareness stand a better chance of fending off ransomware and phishing. With Cofense PhishMe, real-world simulations are based on the latest threats known to bypass standard email security. Our interactive simulations on the Cofense LMS platform are consistently effective in building resilience against attacks. Ransomware security awareness can save your business millions in lost revenue and other costs. We can help. Find out how.