80% of the companies that paid the ransom were attacked by blackmail software again From Cybereasone

The following is the 80% of the companies that paid the ransom were attacked by blackmail software again From Cybereasone recommended by recordtrend.com. And this article belongs to the classification: network security.

As cyber criminals adopt more sophisticated tactics, blackmail software attacks are increasing worldwide, foreign media VentureBeat reported. The FBI reports that the total loss of blackmail software in the United States increased by 225% in 2020. According to the network security risk company, enterprises are attacked every 11 seconds on average, and the global loss is expected to reach 20 billion US dollars. In this context, cybereason global blackmail software research measures the financial and reputation losses caused by these attacks.

Dealing with the consequences of a blackmail software attack can be complex and expensive. The vast majority of organizations have experienced significant business impacts due to blackmail attacks, including loss of revenue (66%), damage to the organization’s brand (53%), unplanned layoffs (29%), and even complete closure of business (25%).

The top five solutions include security awareness training (48%), security operations (SOC) (48%), Endpoint Protection (44%), data backup and recovery (43%) and e-mail scanning (41%). The least deployed solutions include network scanning (40%), endpoint detection and response (EDR) and extended detection and response (XDR) technologies (38%), antivirus software (38%), mobile and SMS security solutions (36%), and managed security service provider (MSSP) or managed detection and response (MDR) providers (34%). Only 3% of respondents said they did not make any new security investment after being attacked by blackmail software.

Cybereason’s research found that most of the organizations that chose to pay ransom in the past were not immune to subsequent blackmail software attacks, which were often carried out by the same threats. In fact, 80% of the organizations that paid the ransom were attacked twice, and almost half were attacked by the same threat group.

This study provides insight into the business impact of blackmail attacks on major industries and reveals data that can be used to improve blackmail defense. For example, the first two solutions include security awareness training (48%) and security operation (48%) after blackmail attacks. The study emphasizes that prevention is the best strategy for managing the risk of software blackmail and ensures that organizations will not be victims of software blackmail attacks in the first place.

1263 cyber security professionals participated in the study commissioned by cybereason and conducted by censuswide, with participants from different industries in the United States, the United Kingdom, Spain, Germany, France, the United Arab Emirates and Singapore.

More reading from cnBeta: Interpol: blackmail software is still the biggest threat to network security IBM security: Global blackmail software increased by 600% in 2016 tripwire: only 38% of security experts are confident of recovering core data after being damaged by blackmail software cybersecurity insiders: blackmail software report 2017 check point: SLR camera has become the target of blackmail software attack chainalysis: 20 Ransom for software blackmail attacks in 20 years exceeds 400 million US dollars, which is three times of that in 2019 The loss caused by software is estimated to exceed US $265 billion Palo Alto networks: the average ransom payment of blackmail software report in 2021 increased by 171% coveware: the cost of blackmail software in Q4 decreased to US $154108 in 2020, a year-on-year decrease of 34% chainalysis: Organizations attacked by blackmail software paid at least US $350 million in 2020 41% Lumu: the impact of software blackmail and the cost of enterprise response in 2020

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