Over $800,000 - that’s the cost of the average ransomware payout last year. 66% of mid-sized organizations and about 37% of global organizations got hit. (Sources cited below)

Attackers have developed new techniques that a lot of companies aren’t aware of or prepared for.

For example, the demand for ransomware as a service has hugely increased, resulting in many more organizations being hacked every day.

Hackers don’t care if you’re a big organization or small because they’re mostly looking for the easiest targets.

Here are a few things you can do to minimize the risk:

• have cyber insurance
• back up your data regularly
• understand your attack surface
• use security ratings to measure KPIs
• hire an incident response firm on retainer 24/7 to help you recover if you get attacked

Anything I missed?

Website:
https://securityscorecard.com

SecurityScorecard is the global leader in cybersecurity ratings and the only
service with over 12 million companies continuously rated. The company is headquartered in New York and operates in 64 countries around the globe.

Sources:

• Ransomware attacks, payouts soared worldwide in 2021: report: https://www.cybersecuritydive.com/news/ransomware-attacks-payouts-2021/622784/
• Alarming Cyber Statistics For Mid-Year 2022 That You Need To Know: https://www.forbes.com/sites/chuckbrooks/2022/06/03/alarming-cyber-statistics-for-mid-year-2022-that-you-need-to-know/

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