Ransomware attacks grew 350% in 2018 reaching a total of 812 million infected devices and have been a serious concern for cities, hospitals, schools, and government agencies. As a result, global damage caused by ransomware grew from $11.5 billion in 2019 to $20 billion in 2020.
However, you can mitigate or prevent ransomware attacks by implementing user education and training, automating backups, minimizing attack surfaces, having an incident response plan, installing endpoint monitoring and protection across your fleet, and purchasing ransomware insurance. Ransomware can lie dormant and infect your backups before triggering and locking you out of systems. In this case, physical and offsite backups can be implemented as an additional layer of security.