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Cost of Ransomware Attack

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8 Ways to Protect Against Ransomware Attacks

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Ransomware attack trends continue to evolve, and the current iterations are no exception. During the last year, malicious actors have attacked healthcare organisations, medical trials, schools, and shipping agencies. Considering the impact these modern attacks can have on organisations everywhere, no matter the industry, security professionals must always be ready to secure their systems, networks, and software in new ways. And according to a recent FortiGuard Labs global threat landscape report, ransomware remains a prolific threat that increased in 2020 and is set to more disruptive. With that in mind, here are eight ways to create a strong ransomware mitigation strategy: Continuously providing employees with updates on new social engineering attack methodologies so they know w...

Here’s How Much it Costs to Recover from a Ransomware Attack in 2021 Here’s How Much it Costs to Recover from a Ransomware Attack in 2021
Politics

Here’s How Much it Costs to Recover from a Ransomware Attack in 2021

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Sourced from International IDEA The cost of an average ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. According to “The State of Ransomware 2021” report from Sophos, the average ransom paid is $170,404. While the number of organizations that experienced a ransomware attack fell from 51% of respondents surveyed in 2020 to 37% in 2021, and fewer organizations suffered data encryption as the result of a significant attack (54% in 2021 compared to 73% in 2020), the new survey results reveal worrying upward trends, particularly in terms of the impact of a ransomware attack. “The apparent decline in the number of organizations being hit by ransomware is good news, but it is tempered by the fact that this is likely to reflect, at...