20 Apr Lessons Learned From Recent Ransomware Attacks
in Blogs
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Spiceworks
Sausalito, Calif. – Apr. 20, 2024
In today’s digital landscape, ransomware attacks pose a significant threat to businesses worldwide, writes Shrav Mehta, founder and CEO of Secureframe.
Cybersecurity Ventures predicts that ransomware attacks will cost victims around $265 billion annually by 2031, with a new attack projected every two seconds.
In the past six months, a string of ransomware attacks in the healthcare, financial, and telecom industries have underscored how important it is for companies to protect their data and maintain customer trust, notes Mehta, who also points out that the average ransomware attack cost last year exceeded $5 million, and just the ransomware attack against MGM Resorts International alone resulted in losses of $100 million, including $10 million in direct costs to restore downed IT systems.
The good news, according to Mehta, is that there are lessons you can learn from past ransomware incidents, and steps you can take to get ahead of the next one. His article in Spiceworks dives into four important takeaways that may help organizations achieve airtight security and compliance.
Read the Full Story
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.