Is Your Video Content Protected from Ransomware?
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Ransomware attacks are at all-time highs, impacting organizations large and small across all industries, worldwide. While their motivations vary, ransomware actors’ number one objective is to target sensitive data. And as enterprise video use continues to surge, your sensitive digital content may be at risk.
Here’s a look at some staggering ransomware stats:
The Threat Is Very Real
- More than 80% of organizations believe ransomware is a real threat to their organization today. (Source: org)
- About 37% of global organizations said they were the victim of some form of ransomware attack in 2021. (Source: IDC)
- U.S. government agencies observed ransomware incidents across 14 of the 16 U.S. critical infrastructure sectors in 2021. (Source: CISA)
The Costs Are Incredibly High
- The average cost of a ransomware attack is $4.62 million — more expensive than a data breach, which costs $4.24 million on average. (Source: IBM)
- Attackers were paid $602 million in cryptocurrency in 2021. (Source: Chainalysis)
- Global ransomware damage costs are projected to exceed $265 billion by 2031, with a new attack occurring every two seconds. (Source: Cybersecurity Ventures)
Criminal Tactics Are Evolving
- Supply chain attacks allow cybercriminals to hit multiple organizations simultaneously. For instance, the high-profile 2021 Kaseya attack reportedly impacted at least 1,500 managed service providers at one time.
- Double-extortion ransomware, where attackers steal data and also threaten to publish it, saw triple-digit growth in 2021. Some are even targeting organizations’ customers in triple-extortion (Source: ThreatPost)
- 65% of surveyed IT and security executives or their employees have been approached to assist in ransomware attacks. (Source: Hitachi ID)
Did you ever consider that ransomware attacks could happen with your company’s video content? Enterprise video content can expose sensitive information and create risk — from when it’s first created, to when it is live-streamed, to when it is stored, shared, and accessed on demand. For example, a cybercriminal could attempt to deploy ransomware to encrypt and hold an enterprise’s video assets hostage until a ransom is paid. They could also threaten to leak sensitive video content, such as a video detailing proprietary manufacturing processes, in a double-extortion attempt.
Protecting your video content from ransomware and other cyber threats begins with using an enterprise-grade video platform engineered from the ground up with security in mind. Discover how the Vbrick Enterprise Video Platform encrypts, protects, and centrally stores and manages your video content to reduce the risk of ransomware and give you peace of mind.
