The Growing Threat of Ransomware and How to Defend Against It
Understanding modern ransomware attacks and the steps organizations can take to reduce risk
Ransomware has become one of the most dangerous and costly forms of cyberattack facing organizations today. In 2024 alone, global ransomware damages were projected to exceed $30 billion, impacting hospitals, schools, corporations, and local governments alike. As these attacks grow more sophisticated, ransomware defense must be treated as a core operational priority rather than an optional IT concern.
What Is Ransomware
Ransomware is a form of malicious software that encrypts a victim’s data and systems, preventing access until a ransom is paid, often using cryptocurrency. Modern ransomware variants frequently go beyond encryption by stealing sensitive data and threatening to release it publicly if payment demands are not met. This combination of disruption and data exposure has significantly increased the pressure on victims to comply.
Why Ransomware Is Rising
1. Ransomware-as-a-Service
Cybercriminals no longer need advanced technical skills to launch attacks. Ransomware-as-a-Service platforms allow attackers to purchase or subscribe to ready-made tools, dramatically lowering the barrier to entry.
2. Remote Work Vulnerabilities
The expansion of remote and hybrid work has introduced new security gaps. Home networks and personal devices are often less protected than enterprise environments, increasing exposure.
3. Double and Triple Extortion Tactics
Attackers now encrypt data, steal it, and threaten public leaks or direct contact with customers, partners, or regulators. These layered tactics amplify reputational, legal, and financial risk.
Alarming Ransomware Statistics
The average ransomware payment in 2024 reached approximately $1.5 million.
Organizations experienced an average downtime of 21 days following an attack.
Roughly 80 percent of ransomware incidents involved confirmed data theft.
Most Common Ransomware Entry Points
- Phishing emails that trick users into opening malicious attachments or links
- Unpatched software vulnerabilities
- Exposed Remote Desktop Protocol services
- Malicious downloads from compromised websites or infected USB drives
How to Defend Against Ransomware
- Maintain Reliable Backups
Regularly back up critical systems and store copies offline or in immutable storage. Backups should be tested routinely to ensure recovery is possible during an incident. - Keep Software Updated
Apply security patches promptly. Many ransomware attacks exploit known vulnerabilities that already have fixes available. - Strengthen Email Security
Since email remains the most common attack vector, advanced filtering and threat detection tools are essential to block phishing attempts and malicious files. - Adopt Zero Trust Principles
Limit access through least-privilege controls, segment networks, and continuously verify users and devices before granting access. - Deploy Endpoint Detection and Response Tools
Modern endpoint security solutions can detect suspicious behavior early and automatically isolate infected systems to limit spread. - Train Employees Regularly
Human error is still one of the largest cybersecurity risks. Ongoing training helps staff recognize phishing attempts and social engineering tactics before damage occurs.
What to Do If an Attack Occurs
- Do not pay the ransom, as payment does not guarantee data recovery and supports criminal activity.
- Immediately isolate affected systems to prevent further spread.
- Report the incident to appropriate authorities, such as federal cybersecurity agencies or law enforcement.
- Activate your incident response and recovery plan to restore operations safely.
Ransomware is not a temporary threat. It continues to evolve alongside technology and business practices. Organizations that treat cybersecurity as an ongoing process, rather than a one-time solution, are better positioned to reduce both the likelihood and impact of an attack. Proactive planning, layered defenses, and informed users remain the strongest tools against this growing risk.
Sources:
Cybersecurity and Infrastructure Security Agency, Understanding and Avoiding Ransomware
https://www.cisa.gov/news-events/news/understanding-and-avoiding-ransomware
Palo Alto Networks Unit 42, 2024 Ransomware Threat Report
Coveware, Q4 2024 Ransomware Report
https://www.coveware.com/reports
Microsoft Security Response Center
https://msrc.microsoft.com
MITRE ATT and CK Framework
https://attack.mitre.org
Federal Bureau of Investigation, Internet Crime Complaint Center
https://www.ic3.gov










