Ransomware has been quite a troublesome factor for businesses because of the fact that this is the sort of thing that could potentially end up locking them out of essential databases and putting this sensitive information at risk of getting deleted if a ransom is not paid. Back in 2021, around 72.5% of organizations who were surveyed by SpyCloud said that they had faced some kind of ransomware attack, and that number has increased by 24% this year.
With all of that having been said and now out of the way, it is important to note that 90% of businesses who participated in this year’s edition of SpyCloud’s survey said that they had faced disruptions due to ransomware attacks. What makes this 24% increase all the more disturbing is that it happened despite an increase in investment in cybersecurity among all of the businesses that answered questions in this survey with all things having been considered and taken into account.
This survey involved over 300 IT professionals who specialize in the field of cybersecurity, as well as around 500 other employees that can provide some context on how their companies have fared in the past year. What this survey revealed was that companies may have invested in more robust cybersecurity solutions, but cybercriminals also managed to up the ante and increase their own efficacy so that they can bypass the new hurdles.
Another aspect of this report to consider is that it reveals how likely companies are to be targeted more than once. 50% of companies faced at least one repeat attack, whereas 20.3% faced anywhere from 6 to 10 attacks. A further 7.4% faced upwards of ten attacks within the span of a single year, and that leaves just 22% of companies who got away with a single attack.
It is far more likely that a ransomware attack would end up getting repeated in the future. Hence, companies don’t have a lot of time to find a permanent solution. They tend to use stopgap solutions and that just won’t cut it now that it has become a perennial problem for so many enterprises.
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With all of that having been said and now out of the way, it is important to note that 90% of businesses who participated in this year’s edition of SpyCloud’s survey said that they had faced disruptions due to ransomware attacks. What makes this 24% increase all the more disturbing is that it happened despite an increase in investment in cybersecurity among all of the businesses that answered questions in this survey with all things having been considered and taken into account.
This survey involved over 300 IT professionals who specialize in the field of cybersecurity, as well as around 500 other employees that can provide some context on how their companies have fared in the past year. What this survey revealed was that companies may have invested in more robust cybersecurity solutions, but cybercriminals also managed to up the ante and increase their own efficacy so that they can bypass the new hurdles.
Another aspect of this report to consider is that it reveals how likely companies are to be targeted more than once. 50% of companies faced at least one repeat attack, whereas 20.3% faced anywhere from 6 to 10 attacks. A further 7.4% faced upwards of ten attacks within the span of a single year, and that leaves just 22% of companies who got away with a single attack.
It is far more likely that a ransomware attack would end up getting repeated in the future. Hence, companies don’t have a lot of time to find a permanent solution. They tend to use stopgap solutions and that just won’t cut it now that it has become a perennial problem for so many enterprises.
