From Colonial Pipeline, to JBS (the world’s largest meatpacker), to the recent hack on software company Kaseya, high-profile ransomware attacks are on the rise, with little sign of letting up. These crippling attacks lock access to systems and data and leave victims scrambling to recover and, in some cases, paying the hacker’s ransom with the hope of regaining access to business-critical files and systems.

In IDG’s new Global Intelligence Report on Cybersecurity, 62% of respondents expect a financially driven attack such as ransomware to hit their organization in the next 12 months. More than one-third (37%) say these types of attacks are potentially catastrophic to their organizations.

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