Over the past years, ransomware has become the most prevalent and expensive form of cybercrime. The estimated global damage wrecked by ransomware attacks in 2020 stood at a mammoth USD 20 billion, a significant rise from USD 11.5 billion in 2019. among the countries, the United States experiences the most severe ransomware attacks. Colonial Pipeline, the leading fuel pipeline operator in the US, temporarily halted its entire network on Friday following a ransomware attack. In what way can cybersecurity professionals handle the rise of ransomware attacks? What are the procedural steps that should be followed and step to implement the risks along with the costs?

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Ransomware can be traced back to 1989 when the AIDS virus was used to extort funds from recipients of the ransomware Payments for that attack were made by mail to Panama at which point a decryption ke... View the full answer