considering whether or not to buy a VPN, businesses and individuals often ask themselves – “Do I need it? Can I afford it?” A new report on recent ransomware trends, however, shows that businesses are asking the wrong question. The right question is “Can I afford to not have a VPN for my business?”
When considering whether or not to buy a VPN, businesses and individuals often ask themselves – “Do I need it? Can I afford it?” A new report on recent ransomware trends, however, shows that businesses are asking the wrong question. The right question is “Can I afford to not have a VPN for my business?”A recent report by Radware asked a broad range of CEOs their views on a number of cybersecurity issues. Some of the most shocking results revealed just how pervasive ransomware is. According to a new report by Radware, this is the first time ever that more than half of all executives (53%) reported paying ransoms in response to a cyber attack. 69% reported facing ransomware attacks and 66% admitted that their networks were insecure. Businesses face numerous cyber threats from hackers, but ransomware in particular is particularly insidious and common. That’s because hackers know they can attack unsecured companies’ servers to extract sizeable ransoms. When ransomware infects a server, it quickly spreads to encrypt all of the files on that server. Obviously, this can be disastrous for a business – all of its payroll, customer information, contracts, and trade secrets all rendered inaccessible. Once it’s deployed, the hacker simply demands a ransom from the company before unlocking their files. That’s only if they’re honest, however. In its official Internet Crime Report, the FBI says that it “does not support paying a ransom to the adversary. Paying a ransom does not guarantee an organization will regain access to their data; in fact, some individuals or organizations were never provided with decryption keys after having paid a ransom.” Indeed, a recent report by SentinelOne claims that only 26% of companies in the US that were hit by ransomware and paid the ransom actually got their data back. The FBI report continues; “Paying a ransom emboldens the adversary to target other organizations for profit, and provides for a lucrative environment for other criminals to become involved. ” Again, the SentinelOne report backs up this claim, as a whopping 73% of companies that paid the ransom were then re-targeted by hackers.