60% of Organizations are Very Concerned About the Potential Impact of Ransomware Attacks

ransomware-phone-calls As the number of reported ransomware attacks increases, new data provides a fresh look at how ready organizations are for ransomware attacks.

Ransomware gets a lot of these days, and for good reason. According to Hornetsecurity’s Ransomware Attack Survey 2023, the percentage of organizations reporting they’ve experienced an attack jumped this year ten-fold from just 2% of organizations last year to 20% this year!

This increase in attacks has resulted in the majority of organizations being concerned about these attacks and the negative impact they can have on operations. And this concern has manifested itself in organizations being far more prepared than ever before. According to the survey data:

90% of organizations have a disaster recovery plan in place for ransomware attacks
90% secure their backups from improper access during attacks
80% of ransomware victim organizations say they were able to recover from backups

But what is still concerning is that 90% of organizations cited their endpoint protection solution as the solution to combat ransomware. Because cybercriminals test their wares against security solutions, relying on a single solution isn’t a wise choice. Preventing ransomware from being installed on an endpoint takes a layered approach that includes preventative controls such as email scanning, DNS protection and security awareness training to minimize the risk that a malicious file will ever be seen by endpoint protection.

KnowBe4 enables your workforce to make smarter security decisions every day. Over 65,000 organizations worldwide trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

A Master Class on IT Security: Roger Grimes Teaches Ransomware Mitigation

Cyber-criminals have become thoughtful about ransomware attacks; taking time to maximize your organization’s potential damage and their payoff. Protecting your network from this growing threat is more important than ever

Join Roger Grimes, Data-Driven Defense Evangelist at KnowBe4, for this thought-provoking webinar to learn what you can do to prevent, detect, and mitigate ransomware. You'll learn:

How to detect ransomware programs, even those that are highly stealthy

Official recommendations from the Cybersecurity & Infrastructure Security Agency (CISA)

The policies, technical controls, and education you need to stop ransomware in its tracks

Why good backups (even offline backups) no longer save you from ransomware