Ransomware is now a big business. It has evolved into an industry unto itself – generating over US$11 billion for attackers in 2019 alone. Ransomware attacks can hit any business, anywhere in the world, and ransoms can exceed US$1 million. Ransomware is here to stay, so extensive preparation is key. It involves implementing layered defenses in and around mobile devices, workstations, and servers.
Analyst Steve Hunt with the Aite Group performed extensive research with information security executives at midsize financial services organizations, some of the largest banks in the world, as well as leading vendors of defensive technologies, and a sampling of their customers. He offers extensive information about how organizations can put their most critical defenses in place.