Security professionals, business decision makers, boards of directors, regulators and others are increasingly concerned about cybersecurity issues and the potential for major business disruptions like data breaches, various types of security incursions, and other problems. And they’re right to be concerned: estimates of the costs of cybercrime vary from a low of roughly $600 billion to several trillion dollars annually. Ransomware can shut down an organization’s operations for an extended period and cost millions of dollars to remediate – and these threats are becoming more sophisticated and more evasive.

Nearly eight in 10 successful attacks in 2017 involved fileless malware which can evade prevention defenses like antivirus. Moreover, despite the enormous sums spent on security solutions each year, the problems are not getting better or are actually getting worse for many organizations. For example, an Osterman Research survey conducted in October 2018 found that CEO Fraud/Business Email Compromise (BEC) attacks are either remaining static or getting worse for 53 percent of organizations – for ransomware that figure is 56 percent. Major organizations have been recent victims of high-profile ransomware attacks, including the City of Atlanta , A.P. Moller-Maerskvi, and Norsk Hydro. Conventional security solutions are useful and provide some level of protection.