A report from a cyber security company sophos said that in 77% ransomware attack Against the surveyed organizations, the hackers were successful in encrypting the data. About 44% of victimized companies paid a ransom to get their data back – a significant drop from last year’s rate of 78%.
“Although slightly lower than last year, the encryption rate remains high at 77%, which is certainly concerning. Ransomware crews are refining their methods of attack,” said Chester Wisniewski, field CTO at Sophos. and speeding up your attacks to shorten the time for the defenders to disrupt your plans.
The cyber security company said that globally, when organizations paid a ransom to decrypt their data, they covered their recovery costs ($7,50,000 recovery cost versus $3,75,000 for organizations that managed to get their data back). used the backup for).
“Event costs increase significantly when a ransom is paid. Most victims will not be able to recover all their files simply by purchasing the encryption key; they will also have to rebuild and recover from backups. Paying the ransom not only enriches the criminals but it also slows incident response and adds cost to an already devastatingly expensive situation,” Wisniewski said.
due to ransomware attack
When Sophos analyzed the root cause of ransomware attacks, it found that the most common cause was an exploited vulnerability (involved in 35% of cases), followed by compromised credentials (involved in 33% of cases).
Other Major Global Findings
The report noted that in 30% of cases where data was encrypted, data was also stolen, suggesting that the “double dip” method (data encryption and data exfiltration) is becoming more common.
The education sector reported the highest level of ransomware attacks globally, with 79% of higher education organizations and 80% of lower education organizations surveyed reporting that they were victims of ransomware.