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Ransomware assaults are becoming more common, resulting in millions of dollars in reputational harm, recovery costs, extorted ransom payments, revenue loss, and the inability to operate vital infrastructure, among other things

"Data is a strategic asset,and protecting it against ransomware and other cyberattacks is critical for organizations to make informed decisions about their business and thrive in today's digital economy," said David Noy.

As our world becomes increasingly data-driven, the impact of data breaches can also reach hundreds of millions or billions. In a world dominated by digital transformation, data breaches have reached unprecedented levels as attackers exploit the daily dependence on data

Ransomware is a specific type of malware that holds data hostage in exchange for a ransom. As an attack methodology, it has the potential to cause severe damage. Phishing emails are a common delivery method, but ransomware can also be spread through drive-by downloading, which is when a user visits a website that’s infected.

In the fight against known and unknown threats, SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMI) identified record numbers of never-before-seen malware, posting a 54% year-to-date increase over the first half of 2020.

The number of ransomware attacks is growing for a simple reason, hackers are getting paid. Willingness to pay creates dangerous increase. Cyber risk insurance is becoming common, so companies do not hesitate to pay cybercriminals.

The top variants between November 2020 and January 2021 were Ryuk and Vatet. Cisco Talos has also observed variants of Egregor and WastedLocker continuing to target organizations across the globe.

The first of its kind to focus exclusively on digital security in the Middle East region, Help AG’s State of the Market Report 2021 delivers cybersecurity intelligence across a range of parameters.

Check Point Research (CPR) has observed a global surge in the number of ransomware attacks. In fact, since the beginning of 2021, there has been a 9% increase monthly in organizations affected ransomware.

The target hit by Nefilim had more than 100 systems impacted. Sophos responders traced the initial intrusion to an admin account with high level access that attackers had compromised more than four weeks before they released the ransomware.