Worried about the security of your business? It’s smart to be concerned, considering the statistics. Cybercrime — which includes phishing, ransomware, identity theft and fraud — has exploded by 600% since the COVID-19 pandemic began in December 2019.
Web-based cyberattacks and malware such as ransomware are among the most expensive types of cybercrime.A company can spend $2.4 million or more to defend itself.Further, one in three businesses victimized by malware are unable to access their data for at least a week.
Half of information technology professionals admit that their companies are vulnerable to ransomware and other types of attacks, and three-quarters of companies that have fallen victim to ransomware already had up-to-date endpoint protection. In the last year alone, 90% say that their businesses have been attacked by ransomware.