Digital Security Magazine

Foreword

Judging by the rapid evolution of ransomware attacks in the past decades, it is evident that this cyber threat is here to stay, and hackers are finding innovative ways to take their attacks to the next level.

As ransomware attacks become increasingly sophisticated, they pose a significant threat to businesses of all size. According to various reports , ransomware damage costs will reach over US $250 billion by 2030. This is not a surprise, especially when we have seen the costs of ransomware attacks balloon in recent years to levels that could potentially bankrupt a company.

Although there is no silver bullet to protect businesses from ransomware attacks, organizations can turn the tables on cybercriminals and protect their businesses from this destructive threat.

In this edition of our Digital Security magazine, we will share industry leaders’ views on how to protect businesses from ransomware attacks. We also propose a detailed proactive approach and the type of framework organizations can adopt to prepare themselves, stay vigilant and craft robust governance strategies to successfully thwart ransomware attacks.