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Ransomware Attacks: Are You Self-Sabotaging?

Ransomware attacks have become a significant risk for organizations, with the average cost of recovering from an attack reaching $1.82 million. Experts strongly advise against paying the ransom, as cybercriminals may not release the data or increase the ransom amount. Instead, restoring locked files from backups has historically been the most effective solution. However, cybercrime rings are now targeting backups, rendering them unusable in 75% of cases. In such situations, organizations are left with no choice but to pay the ransom. The City of Dallas experienced the devastating effects of a ransomware attack, with over 26,000 people affected and personal information stolen. Understanding data protection options, eliminating human error, and implementing proper defenses are crucial to prevent and recover from ransomware attacks.

Key points:

1. Recovering from a ransomware attack can cost organizations a significant amount of money, with the average cost reaching $1.82 million.
2. Experts advise against paying the ransom, as cybercriminals may not release the data or increase the ransom amount.
3. Restoring locked files from backups has historically been the most effective solution, but cybercrime rings are now targeting backups in 75% of cases.
4. The City of Dallas experienced the devastating effects of a ransomware attack, with over 26,000 people affected and personal information stolen.
5. Understanding data protection options, eliminating human error, and implementing proper defenses are crucial to prevent and recover from ransomware attacks.

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