Resource April 29, 2022

Ransomware Protection Suite: Adlumin’s Method to Combatting Madness

Ransomware Protection Suite: Adlumin’s Method to Combatting Madness

Ransomware attacks are increasing by the day, and they’re wreaking havoc across a range of industries. Adlumin has launched the beginning of its Ransomware Protection Suite of products: The Ransomware Self-Assessment Tool (R-SAT). During the early days of COVID-19, which provided new opportunities for attackers, ransomware attacks surged. According to Statista, “ransomware attacks experienced annually by organizations have been on the rise since 2018, peaking at 68.5% in 2021.”

Ransomware is a type of malware designed to encrypt files on a device, making any files and systems that rely on them unusable. When a cybercriminal maliciously encrypts confidential files within an organization’s system, a subsequent monetary demand and payment must ensue before the perpetrator releases the information back to the organization.

R-SAT helps institutions, regardless of size, assess their level of information security, recognize gaps in that security and measure their ability to mitigate the possibility of a ransomware attack. Understanding the vulnerabilities in your institution’s security processes and procedures is imperative to aid in your protection from ransomware. R-SAT is a solid place to start to help identify gaps in your protection strategy and validate effective security practices.

To protect yourself from ransomware, it is critical to recognize the vulnerabilities in your security practices regardless of whether your data is held on-premise or third party. If your organization is victimized by ransomware, many questions may immediately come to mind: If you provide the money, are you certain the information will be released? Will the data be released to the public if you refuse to pay? R-SAT can assist and better prepare you to respond.

Adlumin looks to continue to add to its suite of Ransomware tools such as greater reporting, automated alerts, and more. Below are just a few cost and payment trends for ransomware:

  • “The total cost of a ransomware breach was an average of $4.62 million in 2021, not including a ransom.” (IBM)
  • “The average cost for education institutions to rectify the impacts of a ransomware attack, including the ransom itself, was $2.73 million in 2021 — 48% higher than the global average for all sectors.” (EdScoop)
  • “The 2,084 ransomware complaints received by the IC3 in the first half of 2021 amounted to over $16.8 million in losses.” (FBI and CISA)