BrandPost: In the Battle Against Ransomware, Organizations Need to Enhance their Data Protection Capabilities

brandpost:-in-the-battle-against-ransomware,-organizations-need-to-enhance-their-data-protection-capabilities

Recently, my colleagues have discussed in depth the need for premium ransomware protection. This isn’t without reason:

  • Ransomware caused losses up to US $20 billion for global governments and enterprises in 2021, 57 times that in 2015;
  • One business or device is attacked by ransomware every 11 seconds globally, costing an average of US$1.85 million in ransom;
  • 80% of victims who pay a ransom are targeted a second time.

All this simply solidifies the need for one thing – data protection.

I’ll give a simple example about data protection. Consider how smartphones are indispensable in our day-to-day lives – to stay in touch with our friends, pay for goods and services, and record those precious moments in our lives. Now imagine your phone is stolen, or even worse, your password is easy to crack. You are flooded with anxiety because there is a good chance the thief can get your bank card number, ID card number, and key contacts.

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