As early as next year, researchers expect 90% of global enterprises to rely on cloud-based infrastructure to support operations. But as the amount of sensitive data stored online grows, so do the threats to compromise it. Ransomware attacks, the practice of encrypting data and threatening to withhold or publish it unless the victim pays a fee, have surged in scale and complexity––this past year being a standout.
The spike in ransomware attacks that IT teams are experiencing today comes after a major breach detected on the US technology firm, SolarWinds. This attack has been classified as the largest and most sophisticated cyber attack to date, impacting roughly 100 companies and a dozen government agencies, including the Pentagon.