Humans and Tech are Needed to Stop Ransomware

Hacker Noon

Brian Wallace

In the next five years, it’s expected that 75% of all businesses will be faced with some kind of ransomware attack. Since the outbreak of the COVID pandemic, ransomware attacks have risen by more than 400%, and the cost to businesses is skyrocketing as well. In fact, in just 2021, the cost of these attacks will reach over 20 billion dollars, and the cost of recovery is almost 2 million dollars for every single affected business.

With the huge surge in remote work and the use of personal devices and personal or public networks, cybercriminals have found a massive number of new security vulnerabilities that simply weren’t there when employees were under the umbrella of company networks and company security measures.

The premise for...

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