Forbes: Taking Proactive Steps to Mitigate the Global Ransomware Pandemic
By David Raissipour, Mimecast Chief Technology & Product Officer.
Remember when former CISA Director Christopher Krebs first proposed the concept of a ransomware pandemic during his U.S. congressional subcommittee hearing back in May 2021? Now, 16 months later, ransomware’s meteoric rise across the cyber threat landscape is as prevalent as it ever was, spearheaded by bad actors continuing to deploy email-borne attacks at an unprecedented scale.
The global cost of ransomware is expected to reach $231 billion by 2031, and with cybercrime growing more sophisticated, motivated and well-funded by the day, no enterprise nor industry is immune from its evolving variants.