Ransomware & How to Combat It

Ransomware & How to Combat it

Market Growth Trends

The current state of the cyber security marketplace is that of rapid growth and expansion. According to Forrester, it is expected to grow at an annual rate of 10.9% from 2021 to 2028 and reach USD $372.04 billion by 2028. Today it is sitting at a $175B industry which reminds us of how prevalent it is in the workspace. A large percentage of this revenue share is through MSSP’s (Managed Security Service Providers). A large majority of these vendors are in the Conectrix portfolio that we can leverage at any time for our customers' benefit. The reason the cyber security industry is so large and continuing to grow is due to the threat of cybercrime. Cyber threats to an organization can be a result of multiple different reasons or avenues such as, ransomware, insider threat, politics, competition, cyberwar, an angry user, or unknown motives. Ransomware is the leading cause of cyber-attacks, making up 41% of all cases. 

Identifying Critical Assets

Have you ever thought of what your most valuable assets are compromised of? It is crucial to have a game plan implemented, no matter what type of security breach is thrown at you. The importance of investing time and money into a strategic plan for the safety of your company should be on the top of the priority list. Cyber security shouldn’t just be a percentage of money set aside for the IT team… investment in cyber security is something that affects the whole company, not just the IT team. As stated above, with cyber threats and ransomware being the leading causes related to cybercrime at a whopping 41% and not slowing down, it might be time for you to reassess your cyber security posture. Our team at Conectrix is the perfect place for you to start when looking for the best cyber security fit and solution for your company.

Call to Action

Our goal at Conectrix is to help every customer of ours grow into a mature cyber security model for protecting their business. Although this can’t happen overnight, Conectrix can help customers get fitted with the right MSSP to start down that process. Don’t let the expense of cybersecurity hold you back from investing in it. It is a long-term investment because you are being proactive in your approach instead of being reactive for when a serious breach does occur. With the direction the industry is headed in today, a cyber-attack is not a matter of if, but when. Connect with us below to start a conversation on cybersecurity.