Ransomware infiltrations are the leading cyber threat of last two years. Organizations, whether public or private, are not spared from the cryptovirological activity. Every year millions of dollars are used up in corporate ransomware removal and recovery measures. The ever-increasing importance of data has played a crucial role in making ransomware infiltrations dangerous.
But on the other hand, inefficient digital infrastructure and its slow transformation have also played its part in making ransomware attacks deadly. There are several barriers in the path of digital transformation.
Even if the company has enough resources to establish good defense shield against cyber attacks, particularly ransomware, they don’t go for it because of their established culture. For instance, a thriving brick and mortar store chain with a digital front don’t want to invest in intangible features.
Moreover, there are chances that majority of its working force is not tech-savvy making an organizational culture that doesn’t take cyber threats as serious as they actually are. As a result, they have to experience ‘intangible’ attacks such as ransomware that culminates to very tangible losses. We have seen it in many cases how a ransomware activity can cause losses of millions.
For many organizations, cost of digital upgrades restraint them from moving forward with the transformation, leaving them at constant risk of cyber inflictions. However, they have to go out of their way with their finances once the attack has happened. For instance, an organization has to pay whatever money for ransomware removal if the locked down data is pretty crucial in nature and there is no backup available.
The complexity of Technology and Skill Deficiency
Technological advancements happen at an exponential rate. For that matter, the complexity of cyber threats and corresponding responses has increased pretty much. Cryptovirological codes these days are written on the template of really complex encryption algorithms. Therefore, complex ransomware removal measures are also needed to neutralize them. But unfortunately, the majority of in-house digital security people are not equipped with adequate expertise to take care of all types of cyber threat without any help.