Organizations, as well as employees, have been the recent victims of ransomware.
Several digital transformation efforts have been driven by the pandemic among various enterprises and organizations. This is to hopefully adapt to the new normal that has been bannered by the virus. In return, such efforts also aim to support effectively the growing remote workforces. This leads to the various SaaS platforms, as well as services, becoming imperative for the success of businesses, if not for ransomware.
However, given this growth, various organizations, as well as employees, have become the leading targets for ransomware. According to a report, the attacks involving ransomware have significantly increased by 150% in 2020 alone. As the evolution of the threat continues, the increase in fear has also evolved concerning cloud ransomware. This is dubbed as a new generation of attacks that aims to explicitly spread inside the cloud and encrypt the SaaS data that is connected with the cloud services.
In truth, ransomware has become prevalent to the point that the estimated cost in damages has been projected to over $20 billion in 2021. The costs have included a wide array of variables, which include ransom fees, legal work, forensics, fines as well as penalties, requirements for data recovery, and more.
In 2020 alone, 73% of the attacks have been successful, seeing an increase of 600% in the previous year. It is projected that a new organization is victimized after 11 seconds by ransomware.
Such attacks might be harmful to business ventures that include healthcare, which is vital in this pandemic.
Secure your data
When securing data in the cloud, you need to actively monitor the SaaS environment 24/7 by means of a third-party provider. The provider may be able to identify and warn you against any new attacks as well as remediate them and alert you immediately, along with providing a response plan that is somewhat advanced. One of the important components of this particular solution is its machine learning as well as algorithms for artificial intelligence, which can eradicate or mitigate the rates for false positives as well as automate the process that can be used to significantly decrease the human factor.
Backup your data
Backing up important data is significant. You can make use of an independent provider for the cloud to cloud backup that is adept at backing up sensitive SaaS data, in order to secure your cloud storage. Some of the most trusted cloud storage services are AWS, Azure, and GCP.
Most phishing emails usually contain the first level of a ransomware attack. Hence, you will have to shield yourself using an anti-phishing monitor.
In addition, it is essential that you monitor as well as assess all the third-party applications that are installed. This covers the marketplace applications, add-ons, Chrome extensions, Android applications, and more that might have access to data.
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