Whitepapers

The cost of victims from ransomware attacks is set to reach $265 billion (USD) annually by 2031. The rapid growth of ransomware attacks has made this cyber threat a top concern. 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.

68.5% of companies have experienced some form of a ransomware attack in 2021. Ransomware is no longer considered just a technical threat, it’s the largest single risk to any organization. Stopping ransomware before it can execute on a target system is critical, and Halcyon is here to end threats before they happen. Halcyon is the cyber resilience platform that Global 2000 companies rely upon to put and end to ransomware-as-a-service attacks.

Foundations, Part Two, know thy enemy. Take a look at how ransomware has made headlines over the past few years, and it seems that every week there is another news story about an organization victimized by ransomware. Security leaders need to understand what is driving these seemingly endless waves of attacks and the evolution from one-off breaches to criminal enterprises worth millions of dollars.

Ransomware is an online attack perpetrated by cybercriminals or nation state-sponsored groups who demand a monetary ransom to release their hold on encrypted or stolen data. In the past decade, ransomware attacks have evolved from a consumer-level nuisance of fake antivirus products to sophisticated malware with advanced encryption capabilities that target primarily public and private sector organizations. While threat intelligence can help uncover what organizations may be considered primary targets at any given time, no single industry, geography, or size of business is immune.