Ransomware attacks have never been more dangerous, or prolific. 2020 was described by security experts and media outlets as the “worst year ever for ransomware.” Then ransomware attacks grew by 105 percent between 2020 and 2021. This cyberwar has devastated countless SMBs, enterprises, critical infrastructure firms, and even governments. When a Conti ransomware attack took Ireland’s health service offline, an entire nation was effectively held to ransom. It’s fair to say ransomware defense is currently failing.
Numerous factors have contributed to ransomware’s meteoric growth, but one of the most impactful has been the rise in remote and hybrid work. In 2018, around 1 in 5 people were able to work from home some of the time. Today, over 92 percent of people expect to be able to work remotely at least one day per week. Business use of remote-friendly technologies like VPNs and remote desktop protocols, alongside cloud technology, has similarly skyrocketed.
Faced with a fast-changing threat landscape and record numbers of vulnerabilities, many organizations have responded by upping their security budgets. Unfortunately, spending more on security does not guarantee more secure networks.
Even with increased cybersecurity investment, few companies have the right tools to counter modern ransomware attack