A few weeks ago, I shared findings from the 2021 Malware and Ransomware Report, a joint study between Forcepoint and Cybersecurity Insiders to get insights from cybersecurity professionals on malware and ransomware and how they are tackling this problem today. Some compelling findings from the report include:
Here are more interesting findings from the from the 2021 Malware & Ransomware Report:
When asked “How fast do you believe you can recover from a ransomware attack?” Nearly half (49%) of respondents said they would need a few days to fully remediate ransomware. Interestingly, ten percent of respondents said potentially they would never fully recover from a ransomware attack.
We found that companies suffer from productivity loss, system downtime and revenue loss as a result of a ransomware attack,” said Holger Schulze, CEO and Founder, Cybersecurity Insiders."
Speed of recovery from a ransomware attack is absolutely critical as business costs escalate with every hour the business cannot fully operate.”
When it comes to paying ransom to cybercriminals, the majority of respondents (68%) said they would not consider paying the ransom to recover data and systems affected by a ransomware attack.
Surprisingly, thirty-two percent of respondents said they would “consider” the option of paying the ransom, if it meant they would free their data and systems.
With many organizations finalizing budgets for 2022, security teams are expecting minor to moderate increases to their malware/ransomware security budget. Expected increases to budget range from 1-5 percent (24%), 6-10 percent (23%) and 11-20 percent (15%).
However, thirty-two percent are not expecting any changes to malware/ransomware budget.
According to respondents the lack of budget (50%), evolving sophistication of attacks (49%) and growing proliferation of attacks (36%) were cited as the top three challenges that hinder them from improving their malware/ransomware defense.
With seventy-five percent of respondents believing malware/ransomware will be a larger threat to the organization in the next 12 month, it is imperative they deploy security tools that is able to keep up with today’s modern threats.
For more information on how Forcepoint can protect your organization from malware/ransomware, check out Zero Trust CDR.
Woodrow "Woody" Mosqueda, Public Relations at Forcepoint.
Recently joining Forcepoint as part of the Bitglass acquisition, Woody drives various PR and thought leadership activities to further elevate Forcepoint's position as an industry leader.
Woody is based out of...