It is hard to believe that ransomware attacks have been plaguing organizations and individuals for over 30 years. Since the first documented ransomware attack in 1989 (PC Cyborg virus), sophisticated cybercrime has impacted the global economy exponentially. Cybersecurity Ventures predicts that cybercrime, including ransomware, will cost the global economy $6 trillion dollars this year, which represents the greatest transfer of wealth in the history of mankind. By 2025, cybercrime will cost the world’s economy $10.5 trillion dollars annually.
With complex cybercrime impacting everything from networks to power grids, it has become the number one issue for businesses, governments, and individuals with trillions of dollars at stake. In June 2021, the White House advised corporate executives and leaders to increase security measures to protect against cybercrime after ransomware attacks disrupted the largest U.S. fuel pipeline and a major meatpacking company. Anne Neuberger, cybersecurity adviser at the National Security Council, directed companies to follow best practices such as multifactor authentication, endpoint detection and response, encryption, obtaining a skilled security team, routine testing, back up, and patching, incident response planning, and third-party security testing.
The first step in protecting your critical assets and sensitive information is choosing a reputable and reliable technology company to partner with for communication and collaboration solutions. For the past 50 years, Compunetix has been the global leader in conferencing and collaboration solutions, including VoIP HD and encrypted video, all powered by superior technical design and managed with unsurpassed customer service. Dedicated to customer-focused and innovative technology, Compunetix engineers and manufactures all aspects of its conferencing equipment in-house in the United States.
Compunetix solutions are designed and manufactured at a military-grade security level based on the needs of the U.S. Federal Government. For additional reassurance, Compunetix utilizes an external cybersecurity firm to assess our products for vulnerabilities that could lead to a data security breach. For organizations concerned with public cloud security, our solutions can be deployed on-premises or on a private cloud. We provide this level of security across the board to all our customers to guarantee high-quality, reliable, and secure solutions.
Interested in learning more? Contact us today to speak to a Compunetix expert!