The 12 months 2020 saw a spike in cybercrimes the world over. Rising unemployment pressured many to show to crook sports. Cyberattacks expanded exponentially, especially commercial enterprise e mail compromise (BEC) attacks like phishing, spear phishing, and whaling – and ransomware attacks. These assaults have resulted in facts and economic losses. With most employees operating from home, the threat of facts theft and information exfiltration looms high.
Today, the threat of storing information on-premise or on endpoints is higher than ever. That’s why companies are taking a cloud-first technique to statistics safety. This article discusses the inadequacies of on-premise, legacy infrastructure for facts safety, and explains why greater businesses are adopting current cloud architectures.
According to a record with the aid of the Group-IB, there were greater than 500 successful ransomware attacks in over 45 countries among past due 2019 and H1 2020, which means that at the least one ransomware attack occurring each day, somewhere in the global. By Group-IB’s conservative estimates, the whole economic damage from ransomware operations amounted to over $1 billion ($1,half,186,000), but the real harm is possibly to be a lot better.