Ransomware remains one of the most prominent malware threats today, and there has been a significant increase in attacks since the onset of the COVID-19 pandemic.
These attacks are becoming more sophisticated too. Many cybercriminals now target mobile devices through emergency alerts, text messages, and malware-infected emails. Email is the most common way criminals target businesses.
Ransomware attacks are particularly harmful because they can override a device or network, making it unusable. Cybercriminals can essentially freeze a business until they pay a ransom to regain control. These attacks not only have a significant impact on a business financially but can also jeopardize its reputation with consumers.
No matter the size or industry, any business can be subject to a ransomware attack. However, those who deal with large amounts of sensitive information, such as those in banking and healthcare, are prime targets for sophisticated ransomware attacks.