For over thirty years, cybercriminals have been leveraging ransomware to threaten and extort businesses for potentially massive profits. Ransomware continues to dominate headlines around the world, as legacy approaches to protecting the enterprise haven’t kept pace with adversaries’ constantly evolving tactics.
In order to bypass security controls, cybercriminals are now crafting attacks uniquely designed for each target—essentially making each organization a new patient-zero. In light of these recent, more targeted attacks, it has become increasingly apparent that legacy solutions are inadequate to prevent them. In fact, in 2020 alone, it is estimated that ransomware inflicted damages of over $20 billion worldwide, translating to roughly $8,500 per hour of downtime.