| | ENTERPRISE SECURITY8 OCTOBER - 2021IN MY OPINIONIN MY OPINIONBy Nimesh Mehta, Chief Information Officer, National Life GroupREVEALING THE REALITY OF RANSOMWARESurreal, exhausting, relentless, chaotic are some of the words we use to describe how we feel during the pandemic. While these words describe our emotional state, the world of bad threat actors is probably using words like opportunity, target rich, profitable, goldmine, and perhaps even easy to describe their world during COVID-19. Cybercrime accelerated during the pandemic and is expected to cost the world $6 trillion annually, making it more profitable than the illegal global drug trade; all from the comfort of their "couch". While these times are unprecedented, the "next normal" will usher a whole new world of cyber crime and cyber defenses.2020 was a wakeup call for many organizations as they faced the reality of moving to work from home overnight. To enable a remote workforce many organizations were forced to relax various security controls and requirementsthat wouldn't transfer over to a remote world. This transition opened the doors to a barrage of threats including but not limited to an explosion of Ransomware. It was startling at first but as the frequency increasedperhaps, we started getting immune and stuck our heads in the sand like ostriches and said, "another one - but it won't happen to me".My hope is to help bust the myth that ransomware is solely an organizational problem and not an individual issue. Individual ransomware attacks may not be newsworthy, but it happens daily. Thus,ransomware is a you, me and everybody issue.Experts claim a ransomware attack will happen every 11 seconds with an average Nimesh Mehta
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