Municipalities, Cities, States and other government agencies have been hit hard by ransomware attacks. Years of budget cuts, and lack of prioritization on security and compliance have left many entities critically vulnerable. The covid-19 pandemic cut-backs have pushed many even closer to a breaking point.
Nearly half of all reported ransomware attacks recently are on municipal governments. Most attacks are on smaller areas that lack the security expertise and resources to plan, respond, and recover from an attack effectively – cyber-criminals know this and actively look to exploit these weaknesses for a huge profit. While the areas typically effected are small, the average payment for a ransomware attack is nearly $1.7m. Even bigger risks face larger areas. The cities of Baltimore and Atlanta are just a couple of the well-publicized areas that have faced shutdowns and incurred tens of millions of dollars of damages recently because of cyberattacks.
Security threats have heightened during the covid-19 pandemic buoyed by the lucrative opportunities cyber-criminals are successfully finding. Their methods continue to improve and are persistent. The outlook is very worrisome if public entities do not act now to appropriately assess, plan, and execute necessary cybersecurity protocols. You do not have to face these challenges alone. Foresite is here to help you every step of the way, so that you will be able to stand confidently in the face of adversity.