Ransomware has existed for decades, yet the threat of falling victim to an attack today is greater than ever. Given this rising threat, Fortinet recently surveyed 569 cybersecurity decision-makers from organizations around the globe to understand:
Their perspectives on ransomware
How ransomware has impacted their organizations
What strategies they have to mitigate a potential attack
Fortinet's recent survey of 569 cybersecurity leaders worldwide found that while over 80% are highly concerned about ransomware, 78% believe they are well-prepared to combat it. Surprisingly, half of these organizations still fell victim to ransomware in the past year. Of those affected, 71% paid a portion of the demanded ransom, despite 72% detecting the incident within hours. Only 35% managed to recover all their data, even with cyber insurance. Nevertheless, 91% anticipate increased security budgets to invest in advanced technologies like AI and ML, IoT security, and EDR solutions.
- Ransomware makes every organization a target
- The prevalence and high costs of ransomware attacks
- Addressing gaps in ransomware protection efforts
- The importance of consolidation and integration in cybersecurity
- Global ransomware attack trends and organizational preparedness
- Enhancing security strategies
How Can Fortinet Help
With the Fortinet Security Fabric, you can block ransomware attacks, protecting all of your endpoints while securing your entire network’s entry points. Because the Security Fabric is powered by FortiGuard Labs, you have the most up-to-date security intelligence, ensuring you are prepared to stop new and emerging threats.
How familiar are you with the most recent ransomware threats and terms? To get caught up, check out the Fortinet ransomware jargon page, which outlines all you need to know to stay a step ahead.
What is ransomware?
Ransomware is a specific type of malware or malicious software that holds data hostage in exchange for a ransom. It threatens to publish, block, or corrupt data—or prevent a user from working or accessing their computer unless they meet the attacker’s demands.
How does ransomware work?
Regardless of the ransomware definition, once it enters your computer, it secretly infects it. The software then proceeds to attack files and access and alter credentials without the user being able to tell. As a result, the computer infrastructure is effectively held hostage by the person who controls the malwre
What the types of ransomware?
- Scareware is a type of malware that uses social engineering to scare, shock, or cause a victim anxiety.
- Screen lockers lock your computer screen, making it seem impossible to access.
- Encrypting ransomware uses advanced encryption algorithms to encrypt the data on your device.
- Ransomware threats are constantly evolving and growing more severe. As new security measures arise, hackers are devising more and more ways to invade the computers of individuals and enterprises.