Date of Publication :11th November 2024

Abstract: Ransomware attacks have surged in recent years, posing severe threats to organizations across various sectors. This paper provides a comprehensive analysis of ransomware trends, attack vectors, and the financial and operational impacts on targeted companies. By examining real-world case studies, we identify critical response strategies and highlight the effectiveness of Business Continuity Planning (BCP) and Disaster Recovery (DR) frameworks in minimizing downtime and data loss. Additionally, we explore innovations like immutable infrastructure and Virtual Desktop Infrastructure (VDI) as resilience measures. Through a detailed comparison of companies that paid ransoms versus those that refused, this paper underscores the financial and ethical challenges of ransomware response. Our findings suggest that robust, proactive defenses and recovery planning are essential in today’s evol ving threat landscape, enabling organizations to mitigate ransomware's impact without capitulating to attackers.

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