61% of Organizations Affected by Ransomware
Posted by: Timothy Weaver on 03/09/2017 09:09 AM
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A broad-ranging survey conducted by CyberEdge Group has found that 61% of organizations have been affected by ransomware.
The survey also found that of those affected, 33% paid the ransom and recovered their data. However, 54% refused to pay but successfully recovered their data anyway, while 13% refused to pay and lost their data.
Overall, cyberattacks have risen each year - from 62% in 2014, to 70% in 2015, to 76% in 2016, and now to 79% in 2017. And part of the problem is that organizations are suffering from the global shortage of skilled IT security personnel. 51% are hiring outside security companies.
Companies worry about “low security awareness among employees” followed by “lack of skilled personnel.”
“If the definition of insanity is doing the same thing repeatedly and expecting a different result, then perhaps, as an industry, we’re going insane,” said Steve Piper, CEO of CyberEdge Group. “Each year, we invest more in security, yet frequency and severity of data breaches rise.”
What is Pipers advice? “Invest more in training,” added Piper. “And second, we consistently hear that most data breaches stem from exploiting old vulnerabilities. OK, then get patching. Investing in best-of-breed security defenses is always prudent, but to stop the bleeding, we’ve got to invest more in our human firewalls and reducing our network attack surfaces."
Source: Info Security
The survey also found that of those affected, 33% paid the ransom and recovered their data. However, 54% refused to pay but successfully recovered their data anyway, while 13% refused to pay and lost their data.Overall, cyberattacks have risen each year - from 62% in 2014, to 70% in 2015, to 76% in 2016, and now to 79% in 2017. And part of the problem is that organizations are suffering from the global shortage of skilled IT security personnel. 51% are hiring outside security companies.
Companies worry about “low security awareness among employees” followed by “lack of skilled personnel.”
“If the definition of insanity is doing the same thing repeatedly and expecting a different result, then perhaps, as an industry, we’re going insane,” said Steve Piper, CEO of CyberEdge Group. “Each year, we invest more in security, yet frequency and severity of data breaches rise.”
What is Pipers advice? “Invest more in training,” added Piper. “And second, we consistently hear that most data breaches stem from exploiting old vulnerabilities. OK, then get patching. Investing in best-of-breed security defenses is always prudent, but to stop the bleeding, we’ve got to invest more in our human firewalls and reducing our network attack surfaces."
Source: Info Security
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