Category: Software, Security, Data, Kubernetes, Infrastructure, firewall, encryption, automation, artificial-intelligence

Such criminal attacks have since increased in scale and magnitude, as critical hospital and infrastructure targets were shut down.

And the cost of paying ransom for such attacks is climbing rapidly.

In June, the U.S. government released a memo that reflected the severity of ransomware threats, addressing how ransomware is a menace for business operations both in the U.S. and internationally.

However, the stakes are high because backed-up data — whether it is systems of records of user data, past transactions, inventory or other information critical for the organization to function — represents a key and lucrative target for ransomware attackers.

The best insurance against ransomware is the ability for an organization to revert back to a known and recent state of data and applications, Volk said.

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