Ransomware poses a major threat to the life sciences industry, where downtime can halt critical research and delay lifesaving treatments. This low-effort, high-reward cybercrime costs businesses $6 trillion annually. Attacks are simple—phishing emails trick users into opening files, leading to network encryption and ransom demands. Life sciences were targeted in 14% of ransomware attacks in early 2020. With payments averaging $178,254 and total costs reaching $713,000 per incident, the damage includes downtime (15 days on average), lost revenue, legal fees, and reputational harm. Egnyte helps life sciences firms defend against ransomware through early detection, protection, and rapid recovery.

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