An industry worth a predicted $20 Billion globally by 2021

No, this is not a typo ….. it is a “B” for Billion and you too could be a part of it by just doing nothing, absolutely nothing …… you interested???

Ransomware attacks shift from simple data encryption scams to attacks intent on bringing corporations down and the cost of remediation is expected to increase.

In the words of UFC’s ring announcer Bruce Buffer …..”It’s Time”!!!! Yes, it’s time to pay attention to ransomware and the cybercriminals who will make this industry worth an estimated $20 billion in 2021.

We’re watching this attack method evolve before our very eyes, the increases in sophistication and the rise in ransom amounts. Part of this is due to an increase in the frequency of attacks, which experts believe will occur every 11 seconds by 2021….. that’s faster than a Connor McGregor knockout!!

Industry experts are historically conservative with their predictions but the very large $20 billion number should put some fear into those who believe “it won’t happen to me” or “I’m not big enough for them to worry about, she’ll be right” are clearly not ready for such attacks.

The assumed increases revolve around the fact that ransomware damages are not just limited to the ransom payouts, companies and individuals will need to:

  • Replace infrastructure
  • Perform system-wide recoveries
  • Involve legal
  • PR recovery
  • Rebuild investors faith
  • Restore the faith of their customers

Ransomware is quickly becomingthe $20 billion industry you want to steer clear of.

To discuss successful partnerships and how engaging Consulting IT to maintain your IT infrastructure will reduce your:

  • Staff downtime
  • Expenditure
  • Stress
  • Exposure and Risk

while increasing:

  • Awareness
  • Business Continuity Plans
  • Backup and Disaster Recovery
  • Auditing and Compliance

Simply contact Corey Hill (chill@consultingit.com.au), National Sales and Marketing Manager.

By | 2020-03-02T09:13:23+10:00 March 2nd, 2020|Latest Articles|