Industry

Whitepaper: What Executives Should Know about Ransomware

Written by
Anthony M. Freed
Published on
April 10, 2024

The rapid growth of ransomware attacks has made this cyber threat a top concern for businesses and organizations worldwide. The volume of attacks surged in 2023 by 55.5% year-over-year, with 4,368 cases documented cases, with only a fraction of all attacks being reported.  

Ransomware is fundamentally different from other forms of malware as the goal is to be disruptive to an organization, as opposed to remaining undetected. Current investments in cybersecurity are often not focused on the unique aspects of the ransomware threat.  

Ransomware is no longer considered a boutique threat, but rather one of the most significant threats to any organization. The vast majority (75%) of organizations reported being targeted by at least one ransomware attack in 2023, with 26% reporting they were targeted with ransomware four or more times.  

Current endpoint protection solutions available on the market, while robust and effective for many threats, do not fully protect against ransomware attacks because they were designed to find and block commodity malware.

Ransomware-as-a-Service (RaaS) operators and data extortion attackers are implementing novel evasion techniques into their payloads designed to completely circumvent traditional endpoint protection solutions.

As an executive, it is crucial to understand the potential impact of disruptive cyber-attacks on your business and take proactive steps to mitigate them.  

In this reference guide, we'll explore what each C-level executive should know about ransomware in order to ensure a strong security posture and protect their organization.

DOWNLOAD THE WHITEPAPER HERE

Halcyon.ai is the leading anti-ransomware company. Global 2000 companies rely on the Halcyon platform defeat ransomware with minimal business disruption through built-in bypass and evasion protection, key material capture, automated decryption, and data exfiltration and extortion prevention – talk to a Halcyon expert today to find out more. Halcyon also publishes a quarterly RaaS (Ransomware as a Service) and extortion group reference guide, Power Rankings: Ransomware Malicious Quartile, and check out the Recent Ransomware Attacks resource site.

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The Halcyon Platform

Halcyon is the industry’s first dedicated, adaptive security platform focused specifically on stopping ransomware attacks. Halcyon is built by attackers to stop attackers. The solution is a lightweight agent that combines multiple proprietary advanced prevention engines along with AI models trained solely on ransomware.

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