The Looming Threat of Ransomware [Infographic]

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The use of ransomware for hacking is growing exponentially, as hackers use this form of malware to encrypt computer files and deny users access to their own data. Ransomware is commonly used in conjunction with network penetration, credential harvesting, attacking backups, and/or double extortion. By 2025, at least 75% of IT organizations will grapple with a ransomware attack, and data loss costs are astronomical. For small to medium enterprise (SMEs) business interruption costs average at $1.2 million with the highest cost totaling to $6.5 million.