According to Ponemon the average cost of a data breach exceeds $7.45 million. This pales in comparison to the cost of business interruption from ransomware. Lost revenues combined with the costs of lost productivity and recovery can exceed millions, tens of millions and even hundreds of millions of dollars.
Calculate the cost of one day of downtime for your business
Traditional Antivirus and EDR are Passive Threat Management solutions. Cyber Security criminals continuously introduce new malware variants and employ fileless techniques to evade these solutions. Security Teams need to incorporate Proactive Threat Management technologies and services to protect their businesses.
Ransomware is a shift to a high volume, low payout business model. Small to medium enterprises are viewed as under protected and easy prey. The growth of Ransomware-as-a-Service enables less technical hackers to launch quick and damaging cyber attacks.
The goal of ransomware is to interrupt business operations. It moves through the network undetected and disables endpoints before Security Teams can respond. NotPetya crippled 49,000 endpoints at a large enterprise before they could mount a defense.
"There needs to be an adjustment of focus so that analysts understand not only what the malware is doing, but also its impact on the business. They need to focus more analysis on how the malware impacts their environment, not necessarily every tiny thing that a piece of malware does."
Katrina Biscay, Director of Information Security
University of Cincinnati