Ransomware attacks are estimated to cost $6 trillion annually by the end of 2021
Cybercrime has increased 600% since March 2020 to record levels
Organizations are estimated to fall victim to a ransomware attack every 11 seconds
DOES THE THOUGHT OF A RANSOMWARE ATTACK KEEP YOU UP AT NIGHT?
Imagine this: you are just waking up and check your email. An urgent message has come in from your Director of Cyber Security. The email states, our network has been compromised, and we are the victims of a ransomware attack.
On May 7th, 2021, at 6:00 am, the CEO of Colonial Pipeline did not have to imagine what it would be like as his day started with this very nightmare.
RANSOMWARE ATTACKS ACCELERATE IN 2021
Ransomware attacks have significantly increased in the last five years. According to cyber security industry predictions, almost six ransomware attacks will occur every minute in 2021. This is a significant increase from one attack every 40 seconds in 2016 and one every 14 seconds in 2019. Why the sudden increase in attacks? According to global security company Kaspersky1, 56% of ransomware victims paid a ransom to get their data restored. But just because a company has paid the ransom, there is no guarantee they will restore all of their data. Per Kaspersky, a substantial 71% of ransomware victims could not rescue all of their data after paying to get it back.
Pair the fact that over half of the victims are willing to pay the ransom and remote work becoming more prolific in 2020, and you can see why the attacks are increasing in severity and volume at a rapid pace.
RANSOMWARE FAST FACTS
When you look at the data, the numbers are alarming. Here are some stats that show just how important it is to have the best cyber security solution to protect your data.
Cybercrime has increased 600% since March 20202
Ransomware attacks are estimated to cost $6 trillion annually by the end of 20212
Organizations are estimated to fall victim to a ransomware attack every 11 seconds2
The United States continues to host the most botnet control servers (36%) in the world2
7 out of every 10 malware payloads were ransomware2
34% of businesses hit with malware took a week or more to regain access to their data2
Companies lost around $8,500 per hour due to ransomware-induced downtime2
SLEEP WELL KNOWING YOU HAVE THE BEST CYBER SECURITY SOLUTION
When you look at the data, the numbers are alarming. Here are some stats that show just how important it is to have the best cybersecurity solution to protect your data.
CRV Surveillance has partnered with the leader in the fight against ransomware, SentinelOne. The Singularity TM Platform from SentinelOne proactively resolves threats in real-time at the heart of the cyber security battle: the computing and cloud edge.
Organizations lack the global visibility and context needed to combat these threats, creating blind spots that attackers can exploit. Security teams are already overwhelmed with the number of false positives and low detection efficacy of first-generation Endpoint Detection and Response solutions, which often require manual triage, response, and remediation.
When attackers pierce prevention measures, Endpoint Detection and Response needs to happen autonomously and in real-time. The Singularity Endpoint Protection (EPP + EDR) combines next-gen prevention and Endpoint Detection and Response protection capabilities into a single platform with a single agent. Each asset in your network is defended by on-device AI that prevents both known and unknown threats in real-time. You can rest easy knowing that Singularity never sleeps, stopping ransomware and other cyber security threats with behavioral AI and automatic remediation.
SINGULARITY EPP + EDR FEATURES
EPP-only, EDR-only. Combined modes. Same product.
AI-based malware & ransomware protection. No signatures.
STAR TM proactive, custom hunting and response rules
Flexible EDR data retention up to 365 days
SINGULARITY EPP + EDR BENEFITS
Shorter dwell time
Accelerated incident response
Reduced Mean Time to Respond/Remediate
Less false positives lead to less alert fatigue
Higher analyst productivity
Minimal management and maintenance overhead
Would you like to learn more about how our cyber security solutions can help you sleep better at night knowing your network has the best protection possible? Please feel free to give us a call at 855.855.8881 or fill out the contact form, and we will get back to you ASAP.