{"id":59912,"date":"2018-12-03T10:19:31","date_gmt":"2018-12-03T16:19:31","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=59912"},"modified":"2018-12-03T10:19:31","modified_gmt":"2018-12-03T16:19:31","slug":"ransomware-damages-20b-2021","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/ransomware-damages-20b-2021\/","title":{"rendered":"Ransomware Damages Projected to Reach $20B by 2021"},"content":{"rendered":"

Ransomware Damages Increase to $20B in Three Years<\/h4>\n

If we look at cyber crime, as a business instead of the crime that it is, we may begin to understand it a bit better.\u00a0 This “business” is booming, and there’s no end in sight.\u00a0 Why?\u00a0 Because society worldwide is making it profitable.\u00a0 Any business that is turning over a profit, will continue to run.\u00a0 Not only is cyber crime profitable, but the damages for ransomware alone are expected to reach $20 billion<\/a> over the next three years.<\/p>\n

What can society do to extinguish cyber crime?<\/h4>\n

Stop making the “company” profitable.\u00a0 Instead, understand these are criminals you’re making deals with.\u00a0 By paying the ransom you’re not only putting yourself at risk for future attacks, but there is also no guarantee they will decrypt the files they’ve locked.<\/p>\n

As long as they’re still making money, cyber criminals will stay in business.<\/p>\n

In addition to no longer paying the ransoms, users need to understand what their security solution covers and does not protect against.\u00a0 They should also understand if their current solution is using a blacklist model for malware prevention, or an application whitelisting technology.\u00a0 For businesses with cyber security insurance, it’s imperative you also understand what the policy covers.\u00a0 Lastly, timely backup processes are critical.<\/p>\n

The Recap<\/h4>\n

To stop cyber crime, we have to stop making it profitable.\u00a0 This means, no longer paying ransom demands, switching cyber security\u00a0focus to emphasize prevention instead of reactive remediation, and ensuring timely system and file backups.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ransomware Damages Increase to $20B in Three Years If we look at cyber crime, as a business instead of the crime that it is, we may begin to understand it a bit better.\u00a0 This “business” is booming, and there’s no end in sight.\u00a0 Why?\u00a0 Because society worldwide is making it profitable.\u00a0 Any business that is […]<\/p>\n","protected":false},"author":54,"featured_media":55159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[7,4949,5000,5090],"tags":[4363,5526],"class_list":["post-59912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter","category-ransomware","category-ransomwarewar","category-slider","tag-ransomware","tag-ransomware-damages"],"yoast_head":"\nRansomware Damages Projected to Reach $20B by 2021<\/title>\n<meta name=\"description\" content=\"Ransomware damages have been projected to increase to approximately $20 billion over the next three years. 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