80% of Ransomware Victim Organizations Experience a Second Attack



80% Ransomware Victim Organizations Have Second AttackThe impact of ransomware attacks is much more than just the sensationalized cost of ransoms. New data spells out how victim organizations have suffered at the hands of ransomware.

With the future of ransomware looking pretty bleak, it’s important for organizations like yours to have a realistic understanding of just how impactful a single successful ransomware attack can be to your business. In Cyberreason’s Ransomware: The True Cost To Business report, there are a number of shocking stats that provide insight into what the operational and business aftermath of an attack looks like. According to the report:

  • 53% reported that their brand suffered
  • 66% reported a significant revenue loss
  • 42% reported that cyber insurance did not cover losses
  • 46% had some or all of their data corrupted even after paying the ransom
  • 25% had to close their doors for a period of time before reopening

And the kicker is:

  • 80% of those who paid the ransom experienced another attack

According to Cyberreason’s CEO, Lio Div, “prevention is the best strategy for managing ransomware risk and ensuring your organization does not fall victim to a ransomware attack in the first place.” Phishing remains one of the primary initial attack vectors, demanding that organizations prevent phishing attacks by engaging users with Security Awareness Training to keep them up-to-date on current phishing attacks, scams, social engineering methods, and campaign themes.


Free Ransomware Simulator Tool

Threat actors are constantly coming out with new strains to evade detection. Is your network effective in blocking all of them when employees fall for social engineering attacks?

KnowBe4’s "RanSim" gives you a quick look at the effectiveness of your existing network protection. RanSim will simulate 22 ransomware infection scenarios and 1 cryptomining infection scenario and show you if a workstation is vulnerable.

RansIm-Monitor3Here's how it works:

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PS: Don't like to click on redirected buttons? Cut & Paste this link in your browser:

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Topics: Ransomware

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