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Ransomware: The New Shrinkage?

Ransomware: The New Shrinkage?

Earlier this year, we began hearing reports of ransomware sweeping dozens of countries with individual attacks in the tens of thousands. Investigations took place and much more will be learned and disclosed; but already there’s an ominous thought emerging from this threat:

Are ransomware attacks becoming a normal risk of doing business?

Ransomware is now organized. Institutionalized. Perhaps even state sponsored. And for security and IT professionals, this means it has become a prevalent and sustained risk and cost to the security of the business.

In the retail industry, there’s a parallel idea called shrinkage, and it costs retailers an average of 1.5 percent of sales per year – which translates into annual losses in the tens of billions of dollars. It’s theft: employee pilfering and shoplifting. The irony is, shrinkage is considered official accounting terminology; it’s a cost of doing business that’s built into retail financial models.

Read the entire article here, Ransomware: The New Shrinkage? – Ivanti Blog

Via the fine folks at Ivanti.

Ivanti Ivanti is IT evolved. By integrating and automating critical IT tasks, Ivanti is modernizing IT and helping IT organizations successfully automate and secure the digital workplace. Ivanti is headquartered in Salt Lake City, Utah, and has offices all over the world. For more information, visit www.ivanti.com.

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