It should be no surprise that 71% of cybersecurity experts are more worried about ransomware attacks as a result of Covid-19.2 Cybercrime has risen dramatically due to the expanding threat landscape and the evolution of cyberattacks. The global pandemic caused accelerated digital transformation and rapid migration to the cloud as employees and networks became more distributed. Effectively securing infrastructure and data has become increasingly complex. Threat actors have focused on exploiting vulnerabilities across remote endpoints and cloud workloads. Remote work has left many employees more vulnerable to email phishing. The frequency and severity of ransomware attacks has increased in the past two years and there is little evidence of reprieve.
During the first year of the pandemic, ransomware attacks increased by nearly 500%.3 Not only must organizations work to understand all potential attack vectors and secure themselves against these pathways and methods, but they must enhance their security strategies with increased cyber resiliency so that they can recover quickly should an attack occur.
