KnowBe4 launches a no-cost resource kit to help organizations fight the staggering impact of ransomware
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.ย 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 toย Verizon’s 2022 Data Breach Investigations Report.
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Globally ransomware costs are escalating from aย reportedย $325 millionย loss in 2015 to a potential ofย $265 billionย in 2031, making it one of the most predominate and dangerous forms of cyberattacks. In 2021, theย FBI’s Internet Crime Complaint Center (IC3)ย received a record number of 847,376 reported complaints with potential losses exceedingย $6.9 billion. This has led to multiple warnings by government agencies, including the European Union Agency for Cybersecurity (ENISA)ย heraldingย ransomware as a prime threat.
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“There is no question ransomware attacks will continue to be a major threat to organizations,” saysย 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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