In 2017, a business fell victim to a ransomware attack every 40 seconds --Kaspersky Lab.
Ransomware attacks are perhaps the most noticeable and disruptive cybersecurity threat a business could face. Ransomware can crawl through an organization's network, rendering every file, every program, and every service unusable.
These attackers will generally give you a 24-48 hour period to pay the "ransom" and get your files back, but many organizations have found that even after paying the ransom, not every system is restored. Sometimes that attacker demands an additional payment.
During the attack and recovery--which could take days to restore--the organization may have no access to any of its data or its line of business applications.
Most organizations find themselves restoring from previous backups and accepting the inevitable data loss of a day or more, while others yet find themselves struggling with antiquated or unreliable backup systems.
The sad reality is that no business nor industry is immune to ransomware. 15% of firms in the top 10 sectors have been attacked by ransomware according to Kaspersky Labs.