Could your company recover from a ransomware attack?
Ransomware attacks in North America rose by 158% between 2019 and 2020, according to cybersecurity firm SonicWall’s 2021 report. For many people, ransomware attacks really hit home when the May 2021 Colonial Pipeline ransomware attack brought fuel shortages to the East Coast — and when the June 2021 JBS meat company attack shut down nine beef plants, causing a nationwide meat shortage. Combined, these two companies paid $16 million in ransom to recover their businesses, and those were just the direct costs paid to the hackers, according to reports from CNBC and WSJ. In addition, each company spent millions more in the recovery and restoration of their business systems.