Ransomware Defense for Dummies eGuide
Download this eGuide for a fun, informative look at ransomware and how you can safeguard your business against it. This guide is from the for Dummies series of guidebooks—and it's not only engaging, but deeply insightful as well.
Ransomware is a type of malicious software (malware) used in cyberattacks to encrypt a victim's data, making it inaccessible until a ransom is paid, usually in cryptocurrency like Bitcoin. The attackers hold the decryption key, and the ransom amounts can vary, typically ranging from $300 to $600 for individuals, while larger organizations may face higher demands.
Why do organizations pay ransoms?
Organizations often consider paying ransoms because it can be more cost-effective than the lengthy process of data recovery. For example, the City of Baltimore faced an estimated recovery cost of $18 million after a ransomware attack, while the ransom demanded was only $76,000. However, public sentiment is against using taxpayer money for such payments, with 80% of respondents in a survey expressing concern about ransomware attacks.
How is ransomware evolving?
Ransomware is evolving with trends such as the rise of Ransomware-as-a-Service (RaaS), which allows almost anyone to deploy ransomware for a fee. Additionally, attackers are shifting from targeting individuals to focusing on medium-to-large organizations that can afford higher ransoms. The average ransom demand has nearly doubled to over $12,000 in 2019, reflecting this shift towards more lucrative targets.
Ransomware Defense for Dummies eGuide
published by Coastal Computer Systems Inc.
Coastal Computer Systems, Inc. began in 1995 to provide IT services to local businesses in the Fort Lauderdale area. We provide IT services and support to small and medium sized businesses in every industry. Our mission at Coastal Computer Systems, Inc. is to build long-term relationships with our customers by effectively applying the latest information technology (IT) services and equipment to improve their daily business operations. We're known for helping our customers by providing fast, value added professional IT services and support to help our customers businesses run smoothly.
We have helped many companies achieve this for the last 25 years by offering a wide variety of IT Services from Managed Services, Cloud Computing, and Network Services. Let our experienced IT team solve all of your IT needs.
We understand the importance of a reliable IT infrastructure and our IT services are customizable to meet the needs of any size organization in any industry.
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