In 2022, ransomware removal will be a multi-billion dollar industry. The FBI estimates that ransomware victims paid $24 million in ransom in 2016, and the amount is expected to grow in 2017. Despite this, many businesses are still unprepared for a ransomware attack. If your business is one of them, it’s time to take action. Here are some fast facts about ransomware removal in 2022 that you need to know.

There will be more ransomware attacks. 

The number of ransomware attacks has been increasing every year, and it’s only going to continue to grow. Cyber criminals are constantly coming up with new ways to spread ransomware, and they’re getting better at it. As a result, businesses need to be prepared for an attack.

Ransomware will become more sophisticated. 

As ransomware attacks become more common, the software itself is becoming more sophisticated. Cybercriminals are constantly finding new ways to encrypt files, making it harder for victims to recover their data.

There will be more ransom demands. 

As the number of ransomware attacks grows, so does the average ransom demand. In 2017, the average ransom demand was $1,077. That number is expected to increase in 2018 as cybercriminals become more confident in their ability to extort businesses.

Payment methods will change.

In the past, most ransomware demands were paid in Bitcoin. However, as Bitcoin becomes more mainstream, cybercriminals are starting to accept other payment methods, such as gift cards and prepaid debit cards.

Ransomware removal will become more expensive. 

As ransomware becomes more sophisticated, the cost of removing it will increase. In some cases, businesses may have to pay thousands of dollars to hire a professional to remove the software from their systems.

Backup will become more important. 

One of the best ways to protect your business from ransomware is to have a robust backup strategy in place. That way, if your systems are infected, you can restore your data from a backup and avoid paying a ransom.

Cyber insurance will become more common. 

As the threat of ransomware grows, so does the need for cyber insurance. This type of insurance can help cover the cost of ransomware removal and data recovery, as well as any damages caused by the attack.

Employee education will be crucial. 

One of the best ways to protect your business from ransomware is to educate your employees about the threat. Teach them how to spot suspicious emails and links, and make sure they know not to click on anything that looks suspicious.

You can’t completely protect yourself from ransomware, but you can reduce your risk. 

There’s no 100% effective way to protect your business from ransomware, but there are some steps you can take to reduce your risk. These include implementing a robust backup strategy, investing in cyber insurance, and educating your employees about the threat.

Ransomware removal is a growing industry. 

As the threat of ransomware grows, so does the industry dedicated to removing it. In 2017, there were over 100 ransomware removal companies in operation. That number is expected to grow in 2018 as businesses become more aware of the threat.

High-Profile Ransomware Attacks in 2021

1. WannaCry: In May 2017, the WannaCry ransomware attack hit businesses and organizations around the world, encrypting files and demanding a ransom of $300 in Bitcoin. The attack affected over 200,000 victims in 150 countries.

2. NotPetya: In June 2017, the NotPetya ransomware attack hit businesses and organizations around the world, encrypting files and demanding a ransom of $300 in Bitcoin. The attack affected over 10,000 victims in more than 60 countries.

3. Bad Rabbit: In October 2017, the Bad Rabbit ransomware attack hit businesses and organizations around the world, encrypting files and demanding a ransom of 0.05 Bitcoin. The attack affected over 200 organizations in Russia, Ukraine, Turkey, and Germany.

4. Petya/NotPetya: In June 2018, the Petya/NotPetya ransomware attack hit businesses and organizations around the world, encrypting files and demanding a ransom of $300 in Bitcoin. The attack affected over 10,000 victims in more than 60 countries.

5. SamSam: In December 2018, the SamSam ransomware attack hit businesses and organizations around the world, encrypting files and demanding a ransom of $50,000 in Bitcoin. The attack affected over 5,000 victims in more than 30 countries.

In short, ransomware is a type of malware that locks users out of their devices or encrypts their files until they pay a ransom. The good news is that there are ways to remove ransomware without paying the ransom, and we’re here to help. Contact us today for more information about our ransomware removal services – we can have your device back up and running in no time!

Are You Looking For A Computer Security Service You Can Finally Trust?

Managed Technology Solutions, also known as ManagedTEK – IT Security Services & Monitoring, is a managed service provider that provides IT support and security solutions for businesses throughout the greater San Francisco Bay Area. ManagedTEK, was founded on an urgency to empower and protect our community from the digital war on personal security and privacy. We focus and specialize in protecting businesses from falling victim to increasingly complex cyber threats. We use cutting-edge technology along with proven cybersecurity practices to provide support and protection for small businesses. Contact us today for your free consultation!