KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, announced the release of a resource kit for IT managers as part of a month-long effort in July to increase awareness of ransomware, its many forms and methods used by cyber criminals to extort funds. Some of the resources for download include a Ransomware Master Class, Ransomware Rescue Manual, infographics, posters, digital signage and more.
Ransomware is a type of malicious attack where attackers encrypt an organization’s data and demand payment to restore access. This has evolved to include the exfiltration and threatened exposure of valuable information, compounding the extortion. This is one of the many ways bad actors take advantage of the human element in cybersecurity, which is involved in 82% of cyber attacks according to Verizon’s 2022 Data Breach Investigations Report.
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Globally ransomware costs are escalating from a reported $325 million loss in 2015 to a potential of $265 billion in 2031, making it one of the most predominate and dangerous forms of cyberattacks. In 2021, the FBI’s Internet Crime Complaint Center (IC3) received a record number of 847,376 reported complaints with potential losses exceeding $6.9 billion. This has led to multiple warnings by government agencies, including the European Union Agency for Cybersecurity (ENISA) heralding ransomware as a prime threat.
“There is no question ransomware attacks will continue to be a major threat to organizations,” says Stu Sjouwerman, CEO, KnowBe4. “IT teams face a critical challenge, as technology alone is not enough to prevent attacks. Humans are an easy target via phishing and other forms of social engineering and continue to dominate as a primary source of infection. A vital addition to the security stack is to strengthen users as a last line of defense.”
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