{"id":12269,"date":"2020-12-30T09:44:57","date_gmt":"2020-12-30T14:44:57","guid":{"rendered":"http:\/\/45.33.92.219\/?p=12269"},"modified":"2020-12-30T09:44:57","modified_gmt":"2020-12-30T14:44:57","slug":"the-2020-ransomware-reality","status":"publish","type":"post","link":"https:\/\/claritytg.com\/index.php\/2020\/12\/30\/the-2020-ransomware-reality\/","title":{"rendered":"The 2020 Ransomware Reality"},"content":{"rendered":"

The 2020 Ransomware Reality<\/strong><\/h1>\n

By: Bruce G. Kreeger<\/strong><\/p>\n

The survey provides fresh new insight into the experiences of organizations hit by ransomware, including:<\/p>\n

Almost three-quarters of ransomware attacks result in the data being encrypted. 51% of organizations were hit by ransomware in the last year. The criminals succeeded in encrypting the data in 73% of these attacks. 26% of victims whose data was encrypted got their data back by paying the ransom. A further 1% paid the ransom but didn\u2019t get their data back. Overall, 95% of organizations that paid the ransom had their data restored.<\/p>\n

94% of organizations whose data was encrypted got it back. More than twice as many got it back via backups (56%) than by paying the ransom (26%). Paying the ransom doubles the cost of dealing with a ransomware attack. The average cost to rectify the impacts of the most recent ransomware attack (considering downtime, people time, device cost, network cost, lost opportunity, ransom paid, etc.) is US$732,520 for organizations that don\u2019t pay the ransom, rising to US$1,448,458 for organizations that did pay. Despite the headlines, the public sector is less affected by ransomware than the private. 45% of public sector organizations were hit by ransomware last year, compared to a global average of 51%, and a high of 60% in the media, leisure, and entertainment industries. One in five organizations has a major hole in their cybersecurity insurance. 84% of respondents have cybersecurity insurance, but only 64% have insurance that covers ransomware.<\/p>\n

Cybersecurity insurance pays the ransom.<\/strong><\/h2>\n

For those organizations that have insurance against ransomware, 94% of the time when the ransom is paid to get the data back, it\u2019s the insurance company that pays. Most successful ransomware attacks include data in the public cloud. 59% of attacks where the data was encrypted involved data in the public cloud. While it\u2019s likely that respondents took a broad interpretation of public cloud, including cloud-based services such as Google Drive and Dropbox and a cloud backup such as Veeam, it\u2019s clear that cybercriminals are targeting data wherever it stored.<\/p>\n

For the details behind these headlines, read The State of Ransomware 2020 report.<\/p>\n

Sophos Intercept X: Protection against ransomware<\/strong><\/h2>\n

Ransomware actors combine sophisticated attack techniques with hands-on hacking. Sophos Intercept X endpoint protection gives you the advanced protection technologies you need to disrupt the whole attack chain, including:<\/p>\n

Encryption rollback. <\/strong><\/h2>\n

CryptoGuard technology blocks the unauthorized encryption of files and rolls them back to their safe state in seconds.<\/p>\n

Exploit protection. <\/strong><\/h2>\n

Deny attackers by blocking the exploits and techniques used to distribute malware, steal credentials, and escape detection.<\/p>\n

AI-powered threat protection. <\/strong><\/h2>\n

Artificial intelligence detects both known and unknown malware without relying on signatures.<\/p>\n

Clarity is proud to have been providing Network Security\u202fServices and Firewall Systems\u202fto North and South America for ma<\/span>ny years\u202f, including clients\u202fWorldwide offering our unified communications platform. Clarity Technologies Group, LLC surpasses expectations.<\/strong><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\"\"<\/a>\"\"<\/a><\/strong><\/p>\n

Call Clarity at 800-354-4160 today or email us at\u202finfo@clarityscg.com\u202f. We are partnered worldwide, and we are open seven days a week for support, 8:30 AM to 5:00 PM EST\/EDT.\u202f<\/strong>http:\/\/45.33.92.219\/<\/strong><\/a>and\u202f<\/strong>https:\/\/dotmantech.com<\/strong><\/a>\u202f.<\/strong><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

The 2020 Ransomware Reality By: Bruce G. Kreeger The survey provides fresh new insight into the experiences of organizations hit by ransomware, including: Almost three-quarters of ransomware attacks result in the data being encrypted. 51% of organizations were hit by ransomware in the last year. 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