In the past six months, we have seen companies facing more
frequent and complicated types of ransomware attacks, leading to
lengthy business interruptions and, in many cases, irreparable
losses to data and systems.
Remote working environments are opening up more opportunities
for threat actors to compromise security, while ensuring that
victim companies are more vulnerable to business interruption.
Driven in part by the widespread availability of insurance coverage
for this risk, ransom demands are increasing, often with the ransom
demand reaching several millions of dollars. The likelihood of
companies across various business sectors being targeted at the
same time has also increased as more of these attacks are staged by
groups offering ransomware-as-a-service that provides a scalable
platform for large scale campaigns. The bad actors are often
organized crime groups, and with the rise of remote work and
concern regarding COVID-19, there are unfortunately
