Ransomware can infiltrate your system and cause major issues for your organization. Each year, ransomware threats advance into more sophisticated methods that can be extremely damaging if you don’t have protection in place.

In order to best prepare for future threats, it’s important to understand the current status of ransomware. The “Ransomware Survey 2020” surveyed 5,000 IT managers across 26 countries in January and February or 2020. Here are some of the latest ransomware updates you should know based on those findings:

Alarming Statistics

• 51% of organizations were hit by ransomware in the last year
• In 73% of those attacks, the criminals succeed in encrypting the data
• 26% of ransomware victims whose data was encrypted got their data back by paying the ransom
• 56% of ransomware victims whose data was encrypted got their data back via backups
• One in five organizations has a major hole in their cybersecurity insurance
• For organizations that have insurance against ransomware, 94% of the time when the ransom is paid to get the data back, it’s the insurance company that pays.
• 59% of attacks where the data was encrypted involved data in the public cloud (examples include Google Drive and Dropbox)

How Ransomware Infiltrate The Organization

1. Via a file download/email with a malicious link (29% of incidents)
2. Via remote attack on server (21% of incidents)
3. Via email with a malicious attachment (16% of incidents)
4. Misconfigured public cloud instances (9% of incidents)
5. Via Remote Desktop Protocol (9% of incidents)
6. Via a supplier who works with our organization (9% of incidents)
7. Via a USB/removable media device (7% of incidents)

These findings should put into perspective just how important is it to have a security solution and business continuity plan in place. Luckily, we can help! We offered customized solutions to meet the unique needs of your business.

To learn more, join us at TUG Connects 2021! Our Brian Weaver will discuss these important findings from the Ransomware Survey 2020 as well as how the pandemic has changed the ransomware threat landscape. Get all of the details here.