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.

2020 has been the year of ransomware. Attackers have been brazen during the COVID-19 pandemic, primarily targeting healthcare organizations, educational institutions and municipalities.

It’s imperative that companies make cybersecurity awareness, prevention and security practices a part of their culture. As per the studies conducted in the year 2016, 95% of breached records came from only three industries; government, retail, and technology.

More than one third (35%) of ransomware victims said that recruiting and retaining skilled IT security professionals was their single biggest challenge when it comes to cybersecurity, compared with just 19% of those who hadn’t been hit.