In the last few years more organizations have witnessed the increasing trend of hackers attempting to extort money via the proliferation of various Ransomware Trojans such as WannaCry. In fact, according to Cybersecurity Ventures, Ransomware damages expected to reach $20b by 2021-- 57 times more than it was in 2015.
Recent advancements in encryption technologies coupled with the ease with which hackers can conceal their identities has resulted in an increase in the number of them adopting a ransomware strategy. Organizations must take a proactive, rather than a reactive, approach to these threats and establish proper security policies, procedures and tools to identify and mitigate these threats.
This brief from Zerto details what ransomware is, why it's a major threat to businesses, and what you can do to have a highly resilient IT infrastructure to protect and/or mitigate against ransomware and other malware.
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