Ransomware has become big business, and every organization is a potential target. One estimate projects that global losses from ransomware will top $20 billion in 2021 alone. The number of attacks and size of the ransom demanded are on the rise too, with the FBI reporting that losses from ransomware in the US increased 225% in 2020. The impacts on businesses are real, with research indicating 66% of attacked organizations suffered significant revenue loss, 53% suffered reputational damage to their brand, and 29% were forced to eliminate jobs in the wake of an attack.
