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Ransomware Attacks Surge in 2021 – Are Enterprises Prepared?

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BharatMalviya
Ransomware Attacks Surge in 2021 – Are Enterprises Prepared?

The current situation of cyber-affairs is particularly concerning, since ransomware attacks are increasing in both volume and financial and reputational implications to organizations.


The danger of experiencing a catastrophic incident that might either bring the company to a standstill or inflict huge financial damage has recently piqued the C- Suite’s interest. There is probably no other topic that is more important in terms of security and operational readiness from a security standpoint.


Ransomware assaults are not new – then why, given the risks and vulnerabilities, is there such a lack of readiness, especially with the increased awareness of cybersecurity issues among higher-level executives?


This is due to a number of factors. The sophistication of the attacks is a significant factor. Many companies are not prepared for the rapid evolution of the attacks, which also include the use of third-party applications as carriers. This creates a lot of confusion, which hackers readily exploit.


Secondly, traditional data security involves encrypting data. Legacy encryption solutions, however, only safeguard data while it is in transit or at rest, not when it is being analysed or queried. Next-generation encryption solutions use cutting-edge technology to keep data secured even as it is being analysed or queried. Because any stolen or exfiltrated data will be encrypted and rendered worthless, an attacker will not be able to extract a ransom from a business by threatening to leak or publish its sensitive data.


Full article: Ransomware Attacks Surge in 2021 – Are Enterprises Prepared?


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