Ransomware on the Rise: Key Steps to Safeguard Your Business from Cyber Threats

In 2023, ransomware attacks saw a significant increase, jumping by 55% compared to the previous year. The number of reported victims climbed to 5,070. However, this statistic only scratches the surface of the issue. According to Statista, nearly 73% of businesses worldwide experienced some form of ransomware attack.

Ransomware is a type of cybercrime where malicious software, or malware, is used to infiltrate a person’s or company’s digital infrastructure. Once inside, the malware encrypts critical files, effectively taking them hostage. Victims are then forced to pay a ransom to regain access to their data, akin to the digital version of a hostage situation.

The consequences of such attacks can be devastating, causing financial loss, data breaches, and even harming a company’s reputation. Therefore, understanding how ransomware operates and how to protect against it is crucial for both individuals and businesses.

Ransomware typically gains access to a system through vulnerable entry points like emails or suspicious links. These methods are frequently exploited by attackers to unleash malware into a network.

After infiltrating a system, the ransomware encrypts files, making them unreadable without a specific decryption key. The victim is then presented with a ransom demand, usually accompanied by instructions on how to make the payment. Acc

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.