Ransomware attacks are rampant, with thousands taking place every single day. Learn how a zero-trust security model can protect your organization.
Ransomware attacks take place 4,000 times worldwide every day. The process is fairly straightforward—malware infects a target computer, and an attacker encrypts valuable data then sends the victim a notification demanding a ransom payment to release access to it. It’s a gamble: If the ransom is paid there is no guarantee the attacker will release the data.
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It’s worth pointing out this is a real phenomenon which actually locks up targeted data; it’s not the same as a random email from a stranger stating they “have gained access to your devices, which you use for internet browsing” and “after that, I have started tracking your internet activities” whereby they proceed to accuse you of engaging in unsavory online behavior which they threaten to expose unless you send them Bitcoin. Those are safe to ignore. Ransomware cannot be ignored.
TechRepublic has offered many tips on combatting ransomware as well as strategies for being proactive about it. However, there is a zero-trust model to cybersecurity that can also help businesses stay secure.
Duncan Greatwood, CEO of Xage, a zero-trust security company, pointed out that a ransomware attack can be much more damaging than just preventing access to valuable data. That’s an inconvenience and a potential disruption to business operations, but when an energy or utility grid is compromised, this can lead to blackouts, gridlocks and—when safety mechanisms are breached—the release of toxic chemicals, oil spills, fires or explosions.
Furthermore, Greatwood pointed out, wealthy countries and businesses are prime targets for ransomware attacks. “The higher the expectation for service reliability, quality and trust, the more likely the business will be a target of the attack. For these companies the impact due to loss of revenue and…