Defend Against Ransomware with Authorization

Ransomware is a rapidly growing cybercrime with a 700% year-over-year growth rate (2020-21) and an industry worth $20 billion annually. It involves malware that encrypts data, rendering it inaccessible until a ransom is paid. Delivered primarily through phishing emails, the financially motivated attacks exploit vulnerabilities to steal user credentials and infiltrate corporate networks. The costs of remediation and restoring business operations can be significant, with 46% of companies reporting data corruption during recovery. Ransomware typically unfolds in three stages: delivery, execution, and propagation. Prevention methods include email security gateways, endpoint protection, multifactor authentication, and data loss prevention software. However, access and authentication controls alone are insufficient to prevent ransomware attacks. Veza's authorization platform for data helps organizations understand and control the scope of privileged access, identify high-risk attack vectors, and reduce exposure to ransomware risk by enabling full visibility into identity-to-data relationships.