According to a report from Check Point Software, there were 93% more ransomware attacks in the first half of 2021 than during the same period last year. Palo Alto Networks’ Unit 42 security group also found payments have risen more than 80% since 2020, reaching a record $570,000 average in the first half of 2021. Further, the report noted hackers now have four techniques to use for extorting victims, including file encryption, data theft, denial of service and harassment of partners, contacts and employees and more.
If you thought we’d be getting a handle on ransomware by now, you’re likely alarmed. The pandemic and the rush to remote work created widespread security vulnerabilities, and ransomware has turned into an industry that shows no signs of slowing down. In fact, experts predict these threats will accelerate, marked by larger and more sophisticated attacks. Yet, the news is not all doom-and-gloom—there is a promising trend.