Ransomware is designed to cause disruption and damage to an organization. Modern ransomware exfiltrates and encrypts a company’s sensitive data, providing cybercriminals with multiple levers to extort a ransom. In some cases, ransomware groups expand their operations to target a company’s customers as well.
A ransomware attack poses significant risks to an organization. In addition to the costs of lost productivity and remediating the incident, a company may face reputational damage, lose customers, and face legal and regulatory penalties for failing to protect sensitive data.