30 Aug The Complete Guide to Ransomware Recovery and Prevention
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This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in BackBlaze
Sausalito, Calif. – Aug. 30, 2024
Cybersecurity Ventures predicts that global ransomware costs will reach $265 billion USD annually by 2031, up from $20 billion in 2021.
BackBlaze reports that cybercriminals are continuously evolving their strategies, with the FBI noting new trends such as deploying multiple ransomware variants against the same victim and employing data destruction tactics to intensify pressure on victims to negotiate.
Ransomware as a service has emerged as a game changer in the world of cybercrime, revolutionizing the ransomware landscape and amplifying the scale and reach of malicious attacks. The RaaS business model allows even novice cybercriminals to access and deploy ransomware with relative ease, leading to a surge in the frequency and sophistication of ransomware attacks worldwide.
The best way to respond to an attack is to avoid having one in the first place, according to a BackBlaze guide to ransomware recovery and prevention. Other than that, making sure your valuable data is backed up and unreachable to a ransomware infection will ensure that your downtime and data loss will be minimal if you ever fall prey to an attack.
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