Ransomware attacks are on the rise. Since the start of COVID-19 the number of attacks has increased by 400%. If a company experiences a ransomware attack, they may be on the hook for not just paying ransom but also recovery costs of the attack. Human attackers launch more sophisticated attacks every year. Responding to evolving threats requires human expertise.
In this blog you will learn why your company needs both human expertise and technology to combat growing ransomware attacks.
Ransomware has been on the rise because it is effective, lucrative, and easy. Vulnerabilities are growing as companies and people are using more software and networked devices than ever before. Easy-to-use malware is provided by “gangs” and they make 20-30% of the profit. These factors all pose threats to companies who are not prepared for a cyberattack.
Companies are struggling to keep up with these attacks due to lack of talent, planning, and budget. The shortage of qualified cybersecurity experts makes it difficult to hire and retain talent, especially when the average annual salary for a cybersecurity engineer is close to $95,000. With these expenses and lack of talent, companies are struggling to protect attack surfaces as they grow. Often, they turn to technology to support but human defenders are required in addition to respond to these evolving threats.
Cyberattacks are launched by human attackers. Responding to these threats requires human expertise. While technology is important, it can pose new challenges such as difficulty deploying, configuring, and maintaining. Trained analysts have an advantage when detecting and responding to ransomware. They spot malicious code and warning signs, understand the context of alerts, and more. As the threat landscape continues to expand, it is important to provide the people, process, and technology to maximize your cybersecurity budget and reduce your risk of experiencing a cyberattack.
Learn more about how a managed detection and response (MDR) provider can partner with your business to defend humans and human expertise against attackers who strive to disrupt lives.