26 Aug Most Businesses Unprepared for a Ransomware Attack
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Leader’s Edge
Sausalito, Calif. – Aug. 26, 2024
It’s not a matter of if a breach happens — it’s a matter of when. And these incidents are growing more expensive, reports Leader’s Edge.
The 2024 Thales Data Threat Report, a survey of 2,961 businesses globally with revenues of $100 million to more than $2 billion, found that malware and ransomware attacks were two of the fastest-growing cybersecurity threats last year.
With Cybersecurity Ventures predicting that ransomware alone will cost its victims $265 billion globally by 2031, it’s more necessary than ever for businesses to protect themselves.
Disturbingly, less than half of the businesses surveyed by Thales have a formal ransomware response plan in place and nearly 10 percent end up simply paying the ransom.
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