Half of All Organizations Hit by Ransomware Experience Productivity Loss
According to new data, ransomware is expected to be a larger and more likely threat in the next year, making the impacts felt today very relevant as the impetus for improved cybersecurity.
According to new data from Bitglass in their 2022 Ransomware & Malware Report, you should expect ransomware to be a continually growing problem. A majority of organizations (88%) see it as a moderate to extreme threat, with 75% of orgs believing that it will be a larger threat to organizations in the next 12 months.
The impacts felt by ransomware victims tells the story of why cybersecurity measures need to be stepped up (no matter your current level of protection):
- Over half (52%) of organizations experienced a loss in productivity
- 38% had some degree of system downtime
- 27% suffered a loss in revenue
- 23% suffered data loss
- 17% had negative publicity
- 15% experienced damage to their reputation
According to the report, the initial attack vectors are areas you can shore up security on easily:
- 61% of attacks involved phishing emails
- 47% involved email attachments
- 38% involved malicious or compromised websites
Now, 82% of organizations in this report already have some form of anti-malware/endpoint protection in place. So, what’s the answer?
It’s found in looking at the attack vectors; users need to participate in the attack. Putting users through Security Awareness Training is a surefire way to reduce the attack surface. By teaching users to not engage with attachments and links from unsolicited emails – and giving them real-world examples of current campaigns, it’s possible to elevate their understanding of attacks so they can avoid becoming their next victim.