Protect and monitor endpoints anywhere your users work
Ransomware attacks on the rise in 2022
Ransomware strains, much like those of the COVID-19 virus, don’t stop evolving and often become more pernicious over time.
The global volume of ransomware increased 105% year over year in 2021 and a whopping 232% since 2019, with attacks in the U.S. last year alone increasing by 98%.
Researchers recorded over 623 million ransomware attacks worldwide.
An estimate by Cybersecurity Ventures puts the damages from ransomware attacks in 2021 at around $20B, and the firm predicts that the economic costs of ransomware will reach $265B by 2031.
Almost half of all data breaches in 2022 began with stolen credentials. Six hundred malicious email campaigns were launched in the first half of 2022, 58% of which were phishing emails and 28% contained malware, per acronis report. Cybercriminals have shifted toward attacking key entry points on networks that rely on cloud services or seek unpatched or software vulnerabilities to launch attacks.
Ransomware attacks are going nowhere and you or your business could be the next victim.
Ransomware Protection is the need of the hour, no matter where you are located and what the nature of your business might be. Nobody is safe.
Every organisation must invest in ransomware readiness and mitigation if it wants to protect itself from the heavy costs a ransomware attack comes with – both monetary and reputational.
source: embroker, iapp, cm-alliance
DISTRIBUTED Denial-of-service (DDoS)
Distributed Denial-of-service (DDoS) is an attack which targets the resources of a server, network, website, or computer to take it down or disrupt services. DDoS attacks generally have a host system that infects other computers or servers connected to the network.
DDoS attacks overload a system with constant flooding of connection requests, notifications and traffic. As a result, the system denies service requests by legitimate users.
DDoS attacks don’t benefit the attacker directly as they don’t steal any information, it just compromises the systems so they can’t function properly. Nonetheless, DDoS attacks can be damaging for businesses as it can halt operations and result in damages often as high as 100’s of thousands of dollars via things like lost revenue, lost productivity and reputational damage.
Average cost of DDOS attack is $20-40K
DRIVE-BY ATTACK
Drive-by attacks use various online resources to compromise a user’s system. The malicious code can be inserted in internet ads, HTTP or PHP codes on websites, or even applications. Contrary to other forms of Cyber-Attacks, a user doesn’t have to do anything to initialize the malicious software or virus.
92 percent of Malware is Delivered by Email.
A single click on a pop-up window or website link can do the job!
Drive-by attacks are increasingly used to spread viruses and malware.
The attacks take advantage of security vulnerabilities in apps or websites to exploit victim systems. These include not updating the app, flaws in security patches, bugs, and more.
The attacks also run in the background and are not visible to the user. As a result, you can’t take any concrete steps to identify incorrect codes. Only being proactive can help businesses protect themselves from drive-by attacks.
Cybercrime and Cyber-Attacks
Cybercrime and Cyber-Attacks are becoming more prevalent with each passing day. Over half of small and medium businesses (SMB) have reported being the victims of cybercrimes.
Every day, there are new headlines about data breaches, hackings, Cyber-Attacks, and various forms of crimes against businesses. In a survey, over two-thirds of the participating businesses had suffered at least one cyber attack, while one-third had experienced the same in the last 12-months.
66% of small businesses are very concerned about cyber security risk.
WE CAN HELP!
We can help you navigate the complicated world of IT & Cybersecurity so you can better protect your Data and your Business.