Ransomware not as much of a concern to businesses, despite high cost
Published On: July 26, 2018 |
Businesses are not as concerned about ransomware as they once were, despite it being one of the most costly forms of cyber attack.
This is according to Chris Ross, senior vice president international at Barracuda Networks.
In an article, he wrote that his company revisited a survey it had carried out in 2017 to find out more about ransomware’s impact on businesses. The results were that despite there being no evidence that the threat has diminished, the number of companies saying that ransomware is a concern for them and their organisation has fallen, from 91 per cent in 2017 to 84 per cent this year.
However, the number of businesses that had fallen victim to ransomware had also fallen – from 48 per cent in 2017 to 30 per cent this year. Mr Ross suggested that this may due to the fact companies are better equipped to deal with these attacks.
Barracuda Networks’ survey examined what type of email security breach is likely to be the most expensive, with 32 per cent of businesses in the Europe Middle East and Africa region pointing to ransomware as the most expensive threat to deal with. This is largely due to the cost of a direct payment to regain access to their own systems and information.
He said that it was “no surprise” that nearly three quarters (74 per cent) of attacks come via email, with web traffic (18 per cent) and network traffic (18 per cent) next. This is an increase on 2017, where email was identified as the cause in 70 per cent of cases.
Mr Ross urged businesses to back up their data regularly and adhere to the 3-2-1 backup rule, which means making three copies of all data, storing them in two different environments and keeping one backup offsite. He said that this would mean “it is possible to significantly limit ransomware’s impact on an organisation and ensure that affected businesses are not forced into paying for a decryption key which may never be sent”.
Share This Post, Choose Your Platform!
With over 20 years in the business telecoms industry and an unrivalled reputation of delivering excellent, personal customer service, Arrow is one of very few companies in the UK able to provide a full telecoms, IT and energy consultancy and service proposition.
Savings through automation, scale, improved service. We’ve got that covered. But the true value comes with empathy, through empowerment, collaboration. It’s connecting people that drives us forward. It’s people that make tomorrow happen.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.