Assessing the Impact of Ransomware on Information Security Management: Prevention and Mitigation Strategies

Abstract

Ransomware attacks have emerged as one of the most significant threats to network security in recent years. These attacks not only target large organizations but also small businesses and individuals, indicating the pervasive nature of this threat. This paper examines the impact of ransomware on network security, providing a comprehensive analysis of its evolution, the tactics employed by attackers, and the implications for organizations across various sectors.[1] The study delves into various prevention and mitigation strategies, evaluating their effectiveness and offering recommendations for enhancing network defenses. Furthermore, it addresses the growing trend of ransomware-as-a-service (RaaS), which has lowered the entry barrier for cybercriminals, making ransomware attacks more frequent and widespread. Through a review of current literature, case studies, and expert interviews, this paper aims to provide a thorough understanding of the challenges posed by ransomware and the best practices for protecting against such threats. The findings emphasize the need for a multi-layered defense approach, continuous monitoring, and collaboration with law enforcement to mitigate the impact of ransomware attacks effectively.