Ransomware is no longer just targeting low-hanging fruit, nor can good backups alone protect you. IT organizations need to create a multilayered defense that goes beyond cybersecurity to incorporate modern data management strategies, particularly for unstructured file data.
Aside from the pandemic, ransomware has become one of the gravest threats to the global economy. It is no longer a matter of ‘if’ an organization is going to be attacked but ‘when,’ according to Gartner. The research firm predicts that 75% of organizations will face one or more attacks by 2025. The National Security Institute found the average ransomware payout was $200,000 in 2020, up from just $5,000 two years ago as ransomware gangs resorted to more aggressive tactics to get what they want. Large-scale attacks on enterprises—the latest being against Accenture—are regularly in the headlines. The U.S. is the largest region for such attacks, and ransomware accounted for 30% of all U.S.-based cyberattacks in 2020, more than double the rate globally.