Ransomware has emerged as one of the most dangerous modern threats to businesses, and when you consider just what’s at stake with a ransomware infection, you’ll realize we’re not exaggerating. The worst variants of ransomware will attempt to extort you through any means necessary, and when you don’t give in so easily, they’ll pull out the big guns: double and triple extortion.
One of the worst things that can happen to any organization is to be infiltrated with ransomware. Ransomware is a strain of malware that allows hackers to lock down files or computing systems and then ransom access back to the organization. It can really be a problem.
We’ve spent the last few weeks discussing ransomware’s impacts on different subsets. First, we discussed how a ransomware attack impacts the customers of the infected business, and then we touched on the infected business itself. To end, we want to touch on ransomware’s impacts on society, specifically regarding economic health and geopolitical security, known as third-order harms.
Last week, we discussed the many impacts your business suffering from ransomware has on “second-order harm,” downstream businesses, and average, ordinary people. This time, we wanted to return to “first-order harms”… those the impacted business has to deal with itself.
It can be too easy to look at ransomware as a business problem. After all, it attacks businesses, locking down their data for ransom, often selling it or spreading it, and sometimes altering it for the business if returning it at all. It can be too easy to overlook another impacted target in all the mess. What happens to the people whose data a business has collected and uses?
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