Cyber Defense eMagazine December Edition for 2021

3 Best Practices to Avoid Inevitable Ransomware Attacks
Tips to mitigate and protect against the ongoing threats of ransomware
By Jesper Zerlang, CEO, LogPoint
The total cost of ransomware in 2021 totals $20B and is expected to climb to $265B by 2031. With new
ransomware attacks occurring every 11 seconds and the average incident resulting in nearly $700,000
in damages, no industry is safe from the war against ransomware. In 2021 alone there has been headline
breaking ransomware attacks on large organizations such as Colonial Pipeline, Brenntag, and JBS
Foods.
While cybercriminals rely on an array of tactics to breach a network, such as database hacking and
denial-of-service attacks, phishing is the number one delivery method for ransomware. Throughout the
pandemic, as the majority of businesses rapidly moved their workforce remote, the number of
ransomware attacks only continued to climb, up 150% in 2020.
These numbers aren’t slowing and it’s up to organizations to understand how they can protect their data
and their employees’ information from a catastrophic attack, which could ultimately cost them millions.
However, as the number of threats increase, businesses must look to find the right solutions to better
protect, detect and respond to today’s complex threats. And while some require implementing new
security tools and technology, others are as simple as changing protocols and priorities within the
organization. Below are three tips to help any organization, large or small, in their efforts to increase
cybersecurity and mitigate the risk of a ransomware attack.
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